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Technology Stocks : SFNB, Security First Net. Bank

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To: t36 who wrote (315)3/4/1998 11:49:00 PM
From: Oeconomicus   of 507
 
Sorry, Sue. No real clue. It is widely assumed that, when they finally release Q4 results next Tuesday (only about four weeks later than originally planned), that they will also announce the sale of the bank. It is widely assumed because the company has said that they expect to do so. Trading volume, except for the week or so after they delayed reporting, has been strong, looking like some decent accumulation to me. I did hear that Wheat First (so far the only firm with published reports and rec on SFNB) reiterated their buy rating with a target price of $16, but I don't know when they made that rec.

The immediate question is how it will weather tomorrow's storm.

Good fortune,
Bob
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