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Technology Stocks : Safeguard Scientifics SFE

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To: Allan Harris who wrote (2285)2/26/1999 12:24:00 PM
From: michael r potter  Read Replies (1) of 4467
 
Very little selling in SFE, BUT...even less buying. Since buy /sell must match, prices continue to drift lower. Without an announcement of rights or VERT IPO, no great incentive for new investors to get in SFE yet, on the other hand $38-$40 not low enough to tempt traditional value buyers- thus the drift lower as the post-VERT hangover continues. $37 1/2 held a few days ago, lets see if it will hold again. If it breaks, 50 day Moving average now close to $36 1/2. -OT- Quite interesting that through the recent market selloff, many of the internet names have either been holding or moving up. Indicates a lot of underlying demand for these issues. Good weekend to all. Mike
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