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

To: still learning who wrote (3734)	12/22/1999 4:08:00 PM
From: michael r potter	Read Replies (2) \| Respond to of 4467

SL and Bob, Finally hit the breaking point with ICGE today. Sold off 3/4 of position @ $192 to $193 1/2. Part of recent REIT purchases were made on margin with the idea of milking these hot High tech/internet a while longer. [Hopefully into the 2000 tax year]. Didn't accomplish that desire. All sales in taxable acct. so with Oregons 9% tax plus Fed., was more sad than happy after the sales. Something inside said Don't push it any further on the recent gains with ICGE. Feel much more comfortable with SFE and the large cushion provided by the NAV discount. It was certainly fun while it lasted! good luck to those still holding, and don't take this as a bear call or doom and gloom. Technically, I did not especially like the way it gapped open near todays high then has sold off, but that was only part of the reason for choosing today. By the day, nice move on OAOT today, the patience may be paying off with the forgotten orphans. thanks, Mike

To: still learning who wrote (3734)	12/22/1999 11:10:00 PM
From: Mark Sagarin	Read Replies (1) \| Respond to of 4467

SL, yes I'm still long SFE, and, as pleasantly surprised as everyone else by the wild ride that ICGE has given us all. I think the huge valuation gap between SFE, ICGE and CMGI is something that management needs to address. As has been noted here the public portfolio and private pipeline of SFE has never been stronger. Yet SFE is valued at 1/5 of CMGI and 1/8 of ICGE. Maybe we're all just cockeyed optimists, but, there truly does seem to be phenomenal upside potential for the shareholders of SFE.