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

To: michael r potter who wrote (3311)	8/3/1999 1:43:00 PM
From: michael r potter	Respond to of 4467

It was mentioned earlier that Tlab had a high volume break off the top that had eerie similarities to the break CATP experienced off its top. [both breaks occurred right after good earnings announcements.] Unfortunately, from a purely technical standpoint, the chart of TLAB continues to deteriorate, breaking below $60 today. The pressure on the NASDAQ and internet stocks finally got to SFE today. Support appears to be around the 200 day average around $58-$59, a price level which held the previous decline. Both SFE and TLAB, are now solidly oversold on the longer term stochastic, will try to report when there is a crossover indicating a possible buying juncture. For now, a rather risky situation to bottom pick internet stocks where there is no intrinsic value criteria that would give one confidence of a low risk buying opportunity. Still believe SFE is the least risky way to have internet exposure. FCGI continues to act remarkably well in this poor market for NASDAQ stocks. Some value stocks like Georgia Pacific up...Gold stocks up. Diversification helps. Mike