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Technology Stocks : Safeguard Scientifics SFE
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To: michael r potter who wrote (2748)5/5/1999 1:49:00 PM
From: wellab1  Read Replies (2) of 4467
 
this nervousness seems to be retail driven.Institutions are on the buy
side today.
In 'All Industries" category the only industry under slight institutional sell pressure is "Basic Materials" -50K shares

Net sells (-) /buys (+) are till 12:00 today and are in '000 shares:

Financials +150
services +100
technology +300
all other industries are 50/50 buy/sell messages
Above picture is more or less identical for last few days and doesn't
indicate any panic.At least not yet.Major moves ,up or down should occur after Feds meeting on May 18.Till then -churning,nervousness,guessing,moves made mostly on base of technicals.
.Another scenario:fears will drive market
down before meeting and from there:
-- (a)sharply up if Fed will please Wall Street
-- (b)sharply down if not
SFE's shareholder's meeting will correspond with Fed's meeting.
All those expected good news from SFE will multiply sharp move up
in case (a) or will have no effect at all in case (b)

CMGI +340 (no single sell message)-they are bringing in their IPO today.Watch this one.Could be reference point what will happen to SFE
if they will bring IPO in unfavorable market conditions

SFE -140 looking at those charts for few weeks now I am more and more convinced that 90% of SFE moves are caused by institutions,except
maybe in cases of extreme sell-offs and buys.

AMZN +200
AOL -900
Tlab +1,200
DELL +3,000
CSCO -1,400
MSFT +3,200 This one was interesting.From 8-10:30 AM there are flurry of buy and sell messages with net + 1.2M. From 11-12 AM there are only buy messages +2M.Seems institutions are exibiting mentality of buying on dips more than retailers.

Those numbers should be read in relation to total shares outstanding.

Wellab
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