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

To: still learning who wrote (2003)11/19/1998 4:25:00 PM
From: John Arnopp  Respond to of 4467
 
I know how you feel, but I think we still have a way to go. NAV also fell today (mainly CATP) - to below $19 - so we still have a 46% premium.

Also, I covered 2 days ago (small profit from this last go-round) and tried to short yesterday at 30 and missed it (too bad). So I'm not short or long, but hoping to get back in somehow, depending where I catch it. Probably short, because I think we have downside (like, to 22 or so).

--John



To: still learning who wrote (2003)11/19/1998 4:28:00 PM
From: David Lawrence  Read Replies (2) | Respond to of 4467
 
I concur with your comments fully. It's a bit tough to be short in a stock that you've typically been long in for years. I face the same mixed emotions when I sell in-the-money covered calls - it leaves you in the position of rooting against your long position.

I too stand pat. Expect a volatile market tomorrow with expiration.


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