Safeguard Scientifics SFE Message Board

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Technology Stocks : Safeguard Scientifics SFE

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To: Michael Young who wrote (3022)	6/4/1999 12:17:00 PM
From: michael r potter	Read Replies (3) of 4467

I can see why $68 would be a logical place to put on a short, but FWIW, I think SFE and the top tier internets are setting up for a meaningful rally. [Meaningful meaning more than just a day]. Can't give many concrete reasons, but just a conclusion based on the fear level reached and magnitude of declines already seen. The longer term stochastic is within a day or two of giving a buy [if SFE behaves itself-IE doesn't fall further today and MON.]. I think Robert is correct in alluding to the 14th. record date as a reason for some positive demand coming up for various reasons. Won't bet the ranch on this [heck, used up enough bullets jumping in early Mon. and Tue.], need to save a few -just in case. If MSFT breaks $75 to the downside, and AOL $104, all bets are off. If that happens, and it sets off a further downward spiral, I think there is a fair chance that the ICG offering might end up like Who Vision-deferred due to market conditions. Mike

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