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

To: Rob Palmer who wrote (4056)	3/17/2000 6:46:00 PM
From: still learning	Respond to of 4467

Rob, you're right my sense of time may have gotten skewed. (Witness my 17 years post). Mike, I think you have some of the best sense of timing out there, so I can sympathize completely. BTW, I have the same sense of loss, even though I am sure I'm doing the right thing here. (we never know until later) and if I'm wrong I'll be kicking myself, as I buy in at a higher price. I'm sure SFE will go to $400+ in the next 1-2 yrs (presplit) and maybe $600. Some would say why risk it? But I feel like if I somehow lost 20-20% on my IRA, I'd have made a bigger mistake. I did short a small # shares in my taxable acct, too, to hedge gains (at 285). I feel very far out on a limb in doing all this but the risk/reward is, I believe, worth taking. In the end the most telling aspect of all this to me is that we all need to realize -- as the mkt gorws, our decisions become much more meaningful and stressful too. When I bought into SFE I had a few thousand $$ in an IRA, and the same in my wife's account. Wanted to buy lots of stocks and diversify, but couldn't. My decision to buy NOVL led the broker to suggest SFE, and my distaste for mutual funds led me to agree. So much serendipity. I probably never should have held onto SFE for the first few years -- as they had no rights, and no appreciation. Now look at it. Anything I do with my SFE becomes a BIG decision. I worry about making the right choice. But ultimately, much like Mike and others here, I follow my heart and my judgement, and it has served me well. So if it fails me once in a while, I'll try not to get too down on my mistakes, because the wins far outnumber the losses. Lesson two for me is, we should never think we're so smart in this market (any of us) because there are many many fools out there making millions just buying any tech company or listening to some fool like me they read on a BBS. So try not to take any of it too seriously. Meanwhile, DROP TO 90 YOU SOB --DROP SO I CAN BUY BACK IN!!!