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


To: David Lawrence who wrote (1155)2/25/1998 12:29:00 PM
From: John Arnopp  Read Replies (1) | Respond to of 4467
 
We should be up today to "capture" the rights dividend, and down tomorrow when we go ex-rights.

Every offering I am surprised by something. While there are similarities, each one seems to offer a new wrinkle. I would have expected up today, down tomorrow, also. (There's still time, of course, but we've been down all morning and the market is very up.)

I would guess all the buyers who wanted rights got them by yesterday, and the sellers today really don't want the rights, and there aren't any bargain hunters looking for SFE today. Perhaps they will be there tomorrow, and we will rise? Perhaps there is confusion as to the true ex-rights date? Volume is not very high.

I want to buy some more rights, but I'm thinking of waiting to see if we hit $2 or less in the next few weeks. Comments?

--John