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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Tom Chwojko-Frank who wrote (26022)7/14/1999 4:06:00 PM
From: Teflon  Read Replies (1) | Respond to of 74651
 
I love SFE, Tom. I have buried my SFE shares in the back yard and now I anxiously await a slew of IPOs, especially the much anticipated ICG IPO which I think is going to rock the Street.

I have 10k shares of SFE, and I will not trade options in the issue. These 10K shares will allot me 1000 shares of ICG at the IPO issuance price. By selling IPO issues obtained through my SFE holdings, I anticipate I will be able to drop my basis in SFE (currently ~ $76) by 40%-60%, depending on how their IPO issues perform.

I am in SFE for the long term. IMHO, any price in the 55-65 area is a bargain, though I am not sure we will revisit those levels after the recent consolidation period we have endured.

Just my $.02
Teflon