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Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?

To: Tom Bunge who wrote (3053)	6/8/1999 12:25:00 PM
From: michael r potter	Read Replies (3) \| Respond to of 4467

Tom, yes, still have the trading positions purchased a week ago. Long term stochastic on buy. Actually haven't thought about the short term to deeply [short term trading takes a lot of intensity, and sometimes, have to take a mental break-while still keeping one eye open], but don't have a price target at this point, will try and read it as it goes along. It would seem that upside is somewhat limited. Part of the reason is the recent shellacking that I-net stocks and SFE took and the probability it will keep speculators from throwing money blindly as they did before. A decline like this causes at least some temporary sobriety. Specific to SFE is the June 9th buy date. By my rough calculations, SFE should drop something like $3 after it goes "ex". That is assuming ICG begins trades at a $30 premium to the IPO price. Don't see a lot of incentive for investors to bid SFE up Thu. and Fri. The June options don't appear to be anticipating any short term drop of $3 when SFE goes ex., so either there is a slight opportunity there or I'm not correct about the est. $3 drop. Trading instincts tell me that the short term peak could occur within a few hours after Musser speaks today, but all in all, not trying to trade on any of this speculation. Just some off the cuff thoughts- Best of luck, Mike