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

To: David Lawrence who wrote (1437)	6/4/1998 11:45:00 PM
From: John Arnopp	Respond to of 4467

David, At almost 5M shares of CCSC, and assuming the SFE public portfolio is worth about $1B, then for every $1 movement in CCSC stock price, the SFE portfolio is changed about .5%, which is not huge, but the recent drop might account for up to 4% of Safeguard's drop, or about $1.75, so the other half of the drop has to be something else. I would speculate that the stock simply got ahead of itself (weird timing) for whatever reason, and the premium needs to come back down. In a favorable market, I would bet up to a $1-2 premium is sustainable, but not a $6 premium. --John