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Technology Stocks : Safeguard Scientifics SFE

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To: John Arnopp who wrote (2125)	1/5/1999 6:30:00 PM
From: michael r potter	Read Replies (1) of 4467

In Nov. the 200 day moving average was at $31, and after the move from $17, SFE was quite overbought. $31 stopped SFE in its tracks. Now the 200 day M.A. is at $30 and we are just coming off a stochastic buy signal [$26-$27]. SFE should easily surmount any temporary resistance around $30 and move ahead. Re. TLAB: I have always been uncomfortable with SFE selling that off aggressively. It [TLAB] is too good of a company and for the past three months has been undervalued. Every effort should be made to let the winners run. Also, those sales generate taxes that reduce the amount available to re-invest. A small difference of opinion with a management that has the track record of success, despite some recent stumbles. Robert, I'd say that head and shoulders bottom you were seeing is ahhh--confirmed! Hope all are starting off the new year well. Mike

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