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Technology Stocks : Safeguard Scientifics SFE

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To: robert miller who wrote (2197)	1/29/1999 12:38:00 PM
From: michael r potter	Read Replies (1) of 4467

Buy signal on DOCC. Now above $5 on good volume. CMPC may yet have a pulse. Creeping up slowly the last few days. Still doubt SFE will have much more downside [in the short term at least] than the very mild profit taking it has had. Whenever I look at the chart, I'm struck by the big upside volume during this advance, that as mentioned before, generally precludes a major sell-off for the short term. On the fundamental side, despite the large premium, it is all about money flow, and that should continue strong ahead of the Vertical Net offering. Psychology and recruiting new investors to the cause [undiscovered CMG] seems to be the name of the game right now. Whether it is a fact, is not a question the market is choosing to focus on. It is all about perception. One may have different beliefs, but the profits are the same either way. [Granted, maybe the risks are different, but that is debatable also]. One has to be very careful though to monitor the psychology and get out [at least for traders] when the psychological momentum peaks. Could that be coincident or a day or two before the Vertical Net offering? Good luck, Mike

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