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

To: wellab1 who wrote (2661)	4/21/1999 3:02:00 PM
From: wellab1	Respond to of 4467

Diary of a great morning Apr.21.99 The times below may vary depending on news provider and are EST. ----7:49 AM (posted 1 hr later) SFE relases 1Q earnings. 470% EPS growth over 1Q 98.So, uncertainlity and a major block on the way up has been removed.The second factor slowing SFE rise - general market sell-off is improwing too.Shorts covering in bouncing back 20-30% Internet stock did help a little . 54% of all stocks are over 10 days moving average.Positive breath.Advances =17 ,declines=10 .Slowing down (maybe reversing) rotation to commodities ect.ect. --9;45 AM -heroic struggles.Continuation of srange trades.See my post #2661 Message 9029421 Yesterday's close was 73.5.First 2 trades (size 200 and 1000) were able to drop price to 72.25 (funny how 200 shares order placed in the right time can change company's market cap in the order of $$70 mln.).Then my heroes of the day came in and placed ask order of $75.(just what I have suggested in my post # 2661) For about 0.5 hr. ask 75 (size 1) and bid 71 5/8 (size 1) were sitting against each other and waiting for each other to give up.(in small cap companies such a situation can last for days ,even weeks)Within this crucial 05 hr.traders realised the earnings report consequences and came in in greater numbers.So did institutions. 10:10 AM Institution either bought or expressed interest to buy 200,000 shares around $ 71 thomsoninvest.net 10:25 AM Program bought in at about 82 quicken.com 10:50 AM institution bought after another delay and halt 106,000 shares at 80 1/8 marketwatch.newsalert.com I am using different sources sorting info by different categories so above does't fit together too good.Eg.This institution at 10:50 could have used buy program (10:25 AM). ect. ---next time I checked ,the price is $$88 This lucky second order of the day of 1000 shares at 72 1/4 made $16,000 in 1 hr.(= just a car not a helicopter jet) Side observation: there are institutions who know better and sooner .They bought in yesterday at around 71(would be good to follow them).And there are institutions who either don't know better than we or are playing it safer (waiting for confirmation of trend) and bought in at 80.On the other hand it can be the same institution averaging up. What next? It is not going to be easy.There are many people scared to death by latest volatility ready to sell as soon as they will break even.The high of $120 will present strong resistance and the way there could be longer and volatile.After 120 there is no resistance.(safest but less rewarding time to buy) The intermediate resistance at 90 can be as easy broken on the way up as it was broken on the way down.(less safe but more rewarding time to buy) Market can surprise us anytime too.It is less visible lately. The euphoria should start after first IPO annoucment and last for 6-8 months (market and success of previous IPO permitting) till last IPO 5-6 of them is lining up. SFE's earnings are backed up by good news from same partnership companies: ---Tangram (TESI) has 134% growth in revenue and 0.2 EPS versus 0 .0 EPS in 98 marketwatch.newsalert.com ---E-merge Vision has high publicity sales to Kentucky horse businesses stockselector.com ---Sanchez has conference call tommorrow 11 AM ---lead over CMGI is strenghtening (although 2 days doesn't mean much jet and CMGI can still drag SFE down)After all latest trend of switching to value should help SFE as opposed to CMGI. quicken.com wellab