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Technology Stocks : Safeguard Scientifics SFE
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To: michael r potter who wrote (2608)4/14/1999 4:36:00 PM
From: Billy  Read Replies (1) of 4467
 
The recent runs in Internet stocks exhibits all of the characteristics of a blow off. A short term top may be in place. All of the tax money should be in by now and the summer slow down, especially for the "box" makers is staring us in the face. Look for a bounce in SFE with the conference call next Wed., but could be flat to down from there unless they get off their butts and announce the ICG IPO. This stock is no longer about earnings but about the types of things CMGI is doing and that's what need to be heard to keep the support in this stock. With the "E-stocks" being as over-extended as they are, I'm afraid that May could be a bad month. Actually, in the long run, any correction in these stocks now would make the latter half the year very exciting.
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