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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (2972)5/27/1999 2:22:00 PM
From: michael r potter  Read Replies (1) of 4467
 
Just got out of that trading position. SFE holding up well, but too many cross currents including a -256 Dow, just ducked in for a few minutes, have to be gone again-just can't think this through right now and babysit positions where the decision to be in is not based on stronger evidence. Still seeing a lot of black on my screen though.. Cyclicals subject to most of the damage apparently today. Article in the WSJ about some of the damage inflicted on margin -internet accounts. Starting to shake up some of those investors who are used to buy the dip giving quick gratification-not working this time. Sorry I can't give better analysis right now. Mike
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