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


To: Iknownothing2 who wrote (2604)4/14/1999 3:47:00 PM
From: michael r potter  Read Replies (2) | Respond to of 4467
 
SFE $91, Just got back in portion of trading position recently sold. This type of thing happens often to internet stocks, no news to any of you, at the minimum they have a sudden and violent spike back up where one can re-assess, maybe this time will be different, but until proven otherwise, $91 looks good. Only thing of concern is it broke 38% re-tracement support and downside volume heavy. A whiff of panic selling, not worried. Internets will not die in a day. Any top will in the 'nets will involve rallies back and a more gradual transition from accumulation to distribution. OAOT and LPGLY still looking strong. Mike