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

To: michael r potter who wrote (3105)	6/16/1999 1:02:00 PM
From: Michael Young	Respond to of 4467

Covered this morning. Will look to reenter at higher levels - I hope. <No sell target yet. PS. An additional thought that occurred later regarding the quality internets dropping to "absurd levels" Another reason it is not likely is that S&P heavyweights would step in and acquire them before they got that low. >> Not so sure about that. In fact many of the heavyweights have been issuing "dot com" spinoffs and tracking stocks in order to flood the market with supply and cut off the equity lifeblood for the nets. Many of the leading nets can be still cut in half in here and still be too expensive for majority buyouts, as they would dilute the earnings too much. Most of the buyouts in netland involve a big net buying a small net with funny money. That currency has been losing value rapidly. Just my opinions. MIKE