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


To: dabadabadoo who wrote (2334)3/17/1999 4:06:00 PM
From: michael r potter  Read Replies (2) | Respond to of 4467
 
The maximum pullback should be to around $50 7/8. Unless the overall market tanks, I doubt it gets there by the close of the week. My instincts tell me a buy right here around $54 should produce some short term gain. Wouldn't bet the ranch that it makes it to $50 7/8 on this pullback. If it does, it would provide a good entry point for traders IMO. I think todays selling should remove enough old term money and short term hot money to stabilize the stock and therefore have some doubts about anything like $50 7/8 short term. FWIF, the long term stochastic which is a tool but only one of many tools that I use to gauge low risk entry points and exit points is quite overbought after just giving a buy around $37 as posted previously. The previous buy was $26 3/4-$27 in Jan. Am not to concerned about it right now. Good luck, Mike