Safeguard Scientifics SFE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Safeguard Scientifics SFE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: michael r potter who wrote (2761)	5/10/1999 1:29:00 PM
From: michael r potter	Read Replies (4) of 4467

For traders: SFE $76 5/8. A declining slope has been holding back rally attempts for several weeks. A risky call [for traders], but SFE looks like it is breaking through that descending line to the upside. Have initiated a small buy here. Definitely not a call where "all the stars line up" The positives, 1. testing the 50 day M/A- is looking so far like a double bottom. 2. Getting oversold on the stochastic, [but definitely not a buy signal on that yet]. 3. Possibly breaking out of the descending slope holding back recent rally attempts [$80 would make that call a lot clearer]. What about the stated probability of "further erosion despite short term rallies"? Still very possible, and that is why this is a marginal buy, as I'm not sure it meets the usual 3 or 4 reward/risk criteria. Yet, it seems worth a shot balancing it all out. May add more when the case becomes more convincing. FWIW, Mike

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next