Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: michael r potter who wrote (3084)	6/14/1999 4:58:00 PM
From: Michael Young	Read Replies (1) \| Respond to of 4467

I'm using 1996's action as a guide for SFE. It ran up hard and fast in the spring of 1996 because it was an incubator of small tech companies. SFE was hammered when that frenzy died in the summer of 1996. Realistically, I suspect SFE may revisit the breakout level in early March. So don't be shocked if it hits the low 40s this summer. MIKE

To: michael r potter who wrote (3084)	6/15/1999 12:09:00 PM
From: michael r potter	Read Replies (3) \| Respond to of 4467

FWIW, SFE $60 3/4, just bought mod. amt. of trading stock back. Reasons are based on nothing concrete. Just a feeling upon waking that the degree of oversold should produce a bounce. Also, bond market quite oversold. Am more comfortable with SFE from a valuation standpoint [especially compared to some other pure internet plays], as its NAV is probably upper $20s, which means one is buying the B to B Internet and other private investments for around $1 B or $30 to $33 per share [est]. Doesn't sound unreasonable given the bright future of Internet Capital Group and other private stakes. Kind of doubt SFE will trade in low $40s [assuming the current NAV of publicly traded co's holds up as it has been doing]. Similarly, kind of doubt $100 will be reached again this year. Could spend a lot of time between $50s and $80s. Probably to soon to bet the farm, but with the price down 50% from yearly highs, hard to be overly bearish on SFE. Maybe todays buy was nothing more than a case of cash raised burning a hole in my pocket and jumping in early on the first sign of slight stability. We'll see. Hope all are having a good week. PS AOL got within $2 of its 200 day m/a and has bounced right off-it's also getting a stochastic crossover to the buy side. It of course is the bellweather, Mike