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


To: michael r potter who wrote (3344)8/13/1999 11:50:00 AM
From: Rob Palmer  Read Replies (1) | Respond to of 4467
 
>>RE: USIT. Looks like it is being supported artificially at $10. Will >>likely break through that to the downside IMO.

Was just going to ask if anyone was considering adding to USIT at the offering price. I guess you are going to watch & wait a while, eh Michael?

Rob



To: michael r potter who wrote (3344)8/16/1999 11:57:00 AM
From: michael r potter  Read Replies (1) | Respond to of 4467
 
From the latest buy signals, EBAY has gained 24%, TLAB 10%, and SFE 2.4%. SFEs chart pattern has been similar to the others, just lagging in time. The next few days will tell if it plays catch up, with a delayed move , or if sentiment is poor towards the stock and it continues to lag. At least the buy signal has not been negated yet. ---------------------SFE previous rights offering co. Diamond Technology Partners DTPI has been in a trading range with $30 being hit capping the upside for over 1 1/2 yrs. Meanwhile, fundamentals continue to be excellent, with latest Q. engs up 35% and sales up 41%. In the last week it has quickly gone from the low $20s to $29. A solid breakout above $30 would be very positive. Volume has been good lately, the prospects appear bright. Mike



To: michael r potter who wrote (3344)8/24/1999 12:53:00 PM
From: michael r potter  Read Replies (1) | Respond to of 4467
 
Short term update. SFE $58 3/8. Acting well since the Aug. 13 th. buy signal. Still only 1/2 way to being overbought. SFE should be up closer to $4 today, with ICGE being up $8, for the premium over NAV to remain constant. Overall market has has rallied strongly for the last 11 days, and is getting overbought. SFEs 50 day m/a is at $57, and 200 day m/a is around $62. There is a descending trend-line going back a few months, that has capped each rally at progressively lower levels, and it comes in around $60. It looks like SFE is having trouble getting through this cluster of resistance areas between $57 and $62. If ICGE should hold its gains or even add to them, SFE might make it through. For now, still holding from the buy signal at $51. [Am a little surprised, happily so, that ICGE is trading over $50 at this stage, a $6+Billion mkt cap.]. ICGE, for the reasons mentioned previously should continue to determine the general direction of SFE-the tail wagging the dog. Mike