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 (3091)	6/15/1999 1:00:00 PM
From: michael r potter	Respond to of 4467

-OT- Citigroup C $43 3/8 looks good. A core holding blue chip, just added more. Somewhat interest rate sensitive [at least psychologically], C has retreated about 20% but is showing a positive divergence. The short term bottom around $41 was early in the month. Since then, interest rates took a big pop. C, stabilized and has been crawling up since that low despite the increase in rates. Another positive divergence is that brokers large and small have been selling off hard the last two weeks, and C despite their ownership of Smith Barney has been holding firm. Selling at less than 15 X '00 est., C seems like a good value in a market of 30+ PEs. Last quarter, Citigroup exceeded earnings estimates by 21% [came in at $.69]. Sandy Weil and co-ceo and John Reid are top notch and companies that Sandy Weil have been involved with have historically done very well. Thanks, Mike

To: michael r potter who wrote (3091)	6/15/1999 2:59:00 PM
From: PCKL	Read Replies (2) \| Respond to of 4467

Mike, I disagree with you that sfe will not hit 100 this year. Once the Fed raise interest rate, the uncertainty will be gone. Technology will lead the summer rally. And the big cap growth stock will lead the market to newer highs. The profit picture remains great at fUS corp. Look at P&Ga, they are cutting 15,000 jobs. Raytheon is laying off thousands of people. You talk about lean and mean. The US corps are getting more work out of fewer workers. Greenspan says we cannot get more productive, but we are proving him wrong!!!!!!! I see Dow at 12,000 before it fizzles out at the end of the year because of y2k. But I definitely see sfe above 120 before the year is over. I also see a split soon after icg and usit.

To: michael r potter who wrote (3091)	6/15/1999 3:24:00 PM
From: llwk7051@aol.com	Read Replies (2) \| Respond to of 4467

Michael, Here are some comments regarding internet stocks, I thought might interest you from TheStreet.com. "Doubt if the correction will end until these stocks reach absurdly low levels," wrote Stephen Shobin, chief technical analyst at Lehman Brothers about the Internet sector in a research note this morning. "Most will have to fall under their 200-day moving averages, then build bases for many months. Put/call ratios reflect too much bargain-hunting. Complacency is not a sign of a bottom. Allowing for little bounces, we think the correction has a lot more to go." Robert D.