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

To: T-Lo Greens who wrote (2272)	2/17/1999 3:46:00 PM
From: michael r potter	Read Replies (2) \| Respond to of 4467

Possible trading buy on SFE @37 1/2 The expected pullback of SFE continues and has accelerated. Trading buy could be instituted here in mid $37 range. Why? A 38% retracement of the move up from $25 to the print high [$47] yeilds a normal pullback to $38 5/8. Using the move from $25 to the closing high of almost $45 [which I prefer], gives a pullback to $37 3/8. I think this is a good entry point for at least a partial position for those inclined. The major support next is the previously mentioned 50 day m/a at $36. It could very well get there but is close enough at $37 3/8 that I won't wait to save another $1.50. and risk it not getting there. If it fails $36 [Not likely soon IMO], next support is the 200 day m/a at $32 1/2. This buy at $37 1/2 is in keeping with the post a few days ago suggesting a slightly more agressive stance from a fundamental standpoint--because of the market cap. numbers that I was using which understated the potential value of ICG. Thanks, Mike