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

To: michael r potter who wrote (3340)	8/11/1999 12:29:00 PM
From: Michael Young	Read Replies (1) \| Respond to of 4467

<<[internet index was above Thu. lows during the worst of today]>> The DOT - the true net index- fell just below Thursday's low. And it so far has been unable to get anywhere near Friday's recovery high of over 510. The sector is broken, and will fall further. However, there will be tradeable bounces on the way down as shorts cover and daytraders get frisky. Stocks such as CMGI and SFE are extremely vulnerable, as they trade like closed end funds. Such funds often trade at premiums when a sector is in favor, but then typically trade at big discounts when the sector falls from grace. I expect SFE to trade at a 25% discount to NAV. Just my opinion and I'm not short the stock. MIKE