Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (2821)	5/13/1999 12:35:00 PM
From: Sir Francis Drake	Read Replies (1) of 4467

Michael - bid 96 3/8 bid right now. In my view, the big resistance is of course 100, so the selling will hit in the 98-99 level, as I see it. Just a question whether you want to squeeze out a few more points or not. There is one additional consideration - if SFE sells off nicely from the high 90's, technically one more wave is possible, as an attempt to break 100. In fact, given the volume we are seeing recently on the way up, it is not impossible that on that second move, it may break 100 and hit 110 before settling down. I've only been trading SFE for a few weeks now, but that's my take on it. Good luck! Morgan

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