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Technology Stocks : Safeguard Scientifics SFE
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To: michael r potter who wrote (2340)3/17/1999 4:50:00 PM
From: Allan Harris  Read Replies (1) of 4467
 
Re: The maximum pullback should be to around $50 7/8

Typical retracement levels of the move up from March 1 at 35 3/4 to yesterday's high of 60:

25% = 54
38% = 51
50% = 48
62% = 45

Adding positions at these levels can be coupled with a stop-close-only under 45 to limit risk. Targets for this move range from 65 to 110, so risk:reward considerations continue to be favorable.

A
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