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

To: michael r potter who wrote (2608)	4/14/1999 4:36:00 PM
From: Billy	Read Replies (1) \| Respond to of 4467

The recent runs in Internet stocks exhibits all of the characteristics of a blow off. A short term top may be in place. All of the tax money should be in by now and the summer slow down, especially for the "box" makers is staring us in the face. Look for a bounce in SFE with the conference call next Wed., but could be flat to down from there unless they get off their butts and announce the ICG IPO. This stock is no longer about earnings but about the types of things CMGI is doing and that's what need to be heard to keep the support in this stock. With the "E-stocks" being as over-extended as they are, I'm afraid that May could be a bad month. Actually, in the long run, any correction in these stocks now would make the latter half the year very exciting.

To: michael r potter who wrote (2608)	4/15/1999 2:37:00 AM
From: wellab1	Read Replies (1) \| Respond to of 4467

Michael totally agree with your assessment To many stops to high I watched it between 110-96.The speed was "unhuman"Before one could say "sell" or "buy" it was another $2 down.It was mechanical -trigering automaticly those stops.This was definitely excessive and those high stops just magnified otherwise moderately going slide ($120-110).I did not thing this much it will go when I wrote my last post . Well,nothing goes up in the straight line.Such a pullback is healthy. It releases build -up pressure and gives the chart needed "bull flag" pattern which is a confirmation of continuation of trend. After all we have got an indication of $ 180 from Elliot Wave ..ect .This analysis proved to be right in last few instances. Message 8896911 and new target price of $ 125 Message 8867506 The sympathy play- aspect with CMGI also plays role here. CMGI went down $47 from day's high and Internets nose -dived. This shows SFE is already in this category, like it or not.Which in long term is as bullish as it gets. Welcome to brave new world where ferocious advances and declines are commonday. My yesterday's worry about the market subsided somehow.New info: ----IRA effect (15 bln net flow to funds and counting) should keep market going till 1/2 of May ---Abby Cohen long term bullish outlook comforts me too wellab