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Technology Stocks : Safeguard Scientifics SFE

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To: John Arnopp who wrote (1009)12/6/1997 7:54:00 PM
From: William R. Polk  Read Replies (1) of 4467
 
Hi Everyone: Last week was a little more interesting than usual. Thanksgiving week was a yawner. SFE opened the week at 31 5/16 and closed the week at 31 9/16. I was also scratching my head a little that the stock price did not seem to reflect NAV. This past week saw a significant increase in volume as well as a pop in price up to 35 1/8. This "pop" was rather unusal as it came entirely on 71,000 shares between 11:30 and 12:30 on Thursday. After that the price slowly drifted down. In fact in the last two hours on Thursday the stock price dropped almost a full point on only 32,000 shares. Overall this is positive because there was much more volume on the upside than on the downside. IMO there aren't many sellers at this level.

Bill
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