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

To: llwk7051@aol.com who wrote (1807)	10/18/1998 12:24:00 AM
From: michael r potter	Respond to of 4467

Robert, I agree with almost all of your opinions including CMPC strangely enough. The Thursday purchase was simply a belief that at $2.50 there is not much risk over the next 3-6 mo. and upside could easily be 50% to 100%. Look at it this way. If it just gets back to where SFE was buying in Sept., that is approximately 70% upside! Some of the partnership companies definitely appear to have bottomed and will not likely retest lows even during [Nov.-Dec.] public tax loss selling. Incidentally, I think a fair amount of public tax loss selling has already occurred but can not back it up. Institutional booking of losses has probably peaked, and will wind down over the next two weeks. There are a ton of stocks that will act like balloons held under water. A sharp quick rebound, then likely they will tread water. In a different vein, SCAI has the action of a winner. mike