SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?


To: michael r potter who wrote (4053)3/17/2000 6:44:00 PM
From: Rob Palmer  Respond to of 4467
 
>>Post Partum blues: Am actually feeling down-selling a lot of SFE for me is like losing a best friend. Its just been so much a part of me. Have felt like the co-owner of a great business-not a stock certificate holder. Yes, still have slightly more than 1/2 the amount of a week ago, but it feels empty.

Very sorry about that Mike. :(
I have a close attachment to SFE myself, so I can imagine how you feel. I feel sad for you. Maybe there will be an opportunity for you to get back in at a lower cost than you sold. Always appreciative of your posts. Have a nice weekend!

Rob

ps. I still miss the shares I sold at $162



To: michael r potter who wrote (4053)3/17/2000 6:52:00 PM
From: tuck  Read Replies (1) | Respond to of 4467
 
Mike,

Maybe you should take your remaining certs and put them in control of your attorney, with instructions not to let you mess with them unless a majority vote of the thread gives you permission.

In all seriousness, calling tops under these circumstances is not easy, and being hard on yourself is. If SFE goes beyond 400 in a couple of months, I'm going to be having similar feelings, despite a much shorter relationship with the company. I hope everyone braver than we is justly rewarded. That's a little two-edged, isn't it? Whatever.

Edit: Mike, I don't recall the 280s being there a few days ago, either. Under these circumstances the options exchanges do not waste their breath announcing every new strike. You just have to pay attention because they just keep adding them as high flyers go up. I looked this morning once I got my thinking straight, and there they were. I intend to hedge with calls until an IPO with big mojo is a couple of months away.

still learning,

Now that I'm going to be trading a hedged position short to intermediate term, you and I are going to have similar time scales wrt the way we view SFE. I'll be trying to call bottoms and tops every couple of weeks for the purpose of rolling my calls around. Want to pool resources/share thoughts, such as they are? Anyone else out there with a similar time horizon?

Cheers, & Luck o' the Irish to All,

Tuck



To: michael r potter who wrote (4053)3/17/2000 7:01:00 PM
From: still learning  Respond to of 4467
 
RE post partum blues. Again I feel the same way, but let's put this thing in perspective. When I had 3k shrs called out from margin last year I took it hard. SFE was selling for $30 the day it happened. It went down to the mid 20s shortly after. I *could have* made some major decisions to sell other stocks to get back into SFE, but I told myself -- no, stay away from STCG, yadayadayada. Shoulda done it.

Took me a year to get over it and start rebuilding my position in SFE. Now, I still don't have 3k shrs in taxable account (pre-spit) I'd've been a rich(er) guy if I'd done what I *knew* I should do. So, Mike, if SFE drops next week, or even if it doesn't, remember: if you want it back, you can have it. maybe fewer shares, maybe more, but it's like flipping coins -- the next flip is not affected by the last one. Fresh start.

Best of luck going forward.



To: michael r potter who wrote (4053)3/18/2000 6:43:00 AM
From: Micawber  Respond to of 4467
 
Mike:

Take it easy on yourself. I sold at 80 after doubling my money. What a genius....



To: michael r potter who wrote (4053)3/18/2000 8:11:00 AM
From: robert miller  Read Replies (1) | Respond to of 4467
 
Michael,

Know how you feel. I sold 1/2 of my April 170's yesterday. Still don't know if I did the right thing with the split on Monday.

bob