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Technology Stocks : Safeguard Scientifics SFE

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To: John Arnopp who wrote (2166)	1/13/1999 1:43:00 PM
From: michael r potter	Read Replies (1) of 4467

John, That is one belief we are in total agreement . Your example illustrates the absurdity of current valuation of internets on any kind of return on investment model. Todays action speaks of unsatisfied demand from investors left out who are willing to buy any significant dip. Their day of reckoning may be further off than you and I believe. Even so, that is one train that I could not sleep nights being on. Thank you for providing figures I did not have on hand illustrating the growth in internet business. [In a virtual account I set up at Clearstation, I shorted Ubid and EBAY two days ago. Maybe someday I'll have the courage to do it in real life.] I like this pairing, long TLAB and SFE-short UBID and EBAY. thanks, Mike

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