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

To: robert miller who wrote (2684)	4/21/1999 7:47:00 PM
From: still learning	Respond to of 4467

Re IRA, It makes up morethan half of mine, but not by design, just keeps running up. Re SFE companies, such as CVSN, DOCC, OAOT and TESI, it would be interesting to hear michael's assessment via charts. I've built a position in OAOT starting at $2.5 shr and it has done OK, but nowhere near where I'd envisioned it. I actually built up several thousan shares of OAOT in the expectation that it would finally rise back above the offering price and continue up to 10 or better. No such luck so far, but I've not given up on it yet, will wait another 2-10 months before forcing a decision. That all could change tomorrow, of course, depe3nding on the market, but I don't see OAOT going down much, so the downside is limited. Likewise with CMPC which I bought in the 2's 3's and is treading water. I figured at these low prices I could afford to build some levereage -- via a high # of shares. But I've been very disappointed so far. Same deal for USDC, which finally seemed to be getting out of the doghouse. I only own DOCC and CVSN from the offerings. TESI has had only one real run I can remember. I'm not sure the little SFE companies shouldn't all be dumped - especially by them instead of propping up the shr price. Rather see them find 2 new companies than hold onto an old dog. TESI's never had an offering -- don't remember how they got it, I think it was a merger of 2 SFE companies. Anyway, I'd like to see SFE take some major steps to clean out its portfolio -- call it window dressing for ICG's sake, so they look like they only buy and hold the best. Not likely it'll happen and the force of their selling would kill my own positions.