Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: Michael Young who wrote (3009)	6/2/1999 3:02:00 PM
From: michael r potter	Read Replies (2) of 4467

SFE $68, now as oversold [long term stochastic] as it was in March at $35-$37 just before the blastoff. Re-established some trading positions in SFE yesterday and today. Am jumping the gun as far as LT stochastic is concerned as no buy signal yet. Just feel that enough bad news about rates etc. built in for now. Am still concerned about the trouble being inflicted in high octane margin accounts and possible heavier forced liquidation. At a minimum, many of those accounts are not in much of a position to buy. Can others step in and take up the slack? If not, bounce will be limited. All in all, felt it worth a shot in here, but not a clear cut decision. FWIW.

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