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Technology Stocks : Safeguard Scientifics SFE

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To: robert miller who wrote (2011)11/23/1998 11:59:00 AM
From: michael r potter  Read Replies (1) of 4467
 
The 200 day moving average was at $31 3/4 which stopped SFE in its tracks. It has now pulled back to the 50 day moving average around $27 1/2 where short term support is. SFE is under a stochastic sell signal. Bought some OAOT $3 5/8. Technically it acts good and is under a stochastic buy. There has been tax selling in it which is part of the reason it is lagging. It acts well lately. I expect it to move up from here, despite some more tax selling and even that will not be a consideration holding it back in 6 short weeks. [A friend tipped me off to this [as a contrary indicator], as he mentioned Friday that he sold it. Would it be impolite to thank him. Mike
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