Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (2607)	4/14/1999 4:14:00 PM
From: michael r potter	Read Replies (2) of 4467

Also, when a volatile stock goes up like SFE did, a lot of sell stops are put in along the way. The specialist probably had to short some on the way up to provide liquidity. Days like this take out stops which cause more selling, and more stops being hit. The specialist knows where the stops are, and today is probably good for him as he can cover advantageously. A lot of recent stock bought was in "weak hands", and a day like this puts it into "stronger" hands. Bullish enthusiasm has been a little excessive and a day like today is constructive on several counts. Mike

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