Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: OverSold who wrote (2726)	4/30/1999 10:05:00 AM
From: wellab1	Respond to of 4467

Yes,they are 2-7% up.June futures:NASDQ100 +2400 S&P500 +1000 Net institutional trades are 12 M shares sell for Basic Materials 0.5 M buy for Internets preopen. Yesterday I watched institutions in Basic Materials and Cyclicals. Net trades were near 0.but prices were up.So,if net institutional cash flow was 0 then retail buyer was pushing the prices. Nice manoeuvre.They changed attention of retail traders from technology to basics and while retail is still buying basics institutions are back to techs.(to make sure they are first back -they went there overnight).Or they are just ahead 1-2 days of retailer. This is of course simplified speculation subject to change anytime. SFE needs just 2-3 trading days to get to this Technology Conference (May 04) .SFE and number of partnreship cos. are the major block of cos.presenting there.This may expose them to more funds managers. From there to May 12-15 - shaleholders meeting and expected news - is just over week. weelab