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

To: still learning who wrote (2801)	5/11/1999 10:05:00 PM
From: llwk7051@aol.com	Read Replies (2) \| Respond to of 4467

Still Learning, I agree sfe may not move up on offering. In fact, it may move down somewhat after the rights to the ipo ex date. In the past under the old rights plan, sfe frequently but not always dropped after the stock went ex rights. Also. sfe usually went up just before the ipo was announced just like the last few days. Strange how people tend to buy before the public announcement. I am also looking into buying ICG. I have approached a friend at ML to see if I can get a part of their allocation. It will be interesting to see if this is successful. I have no opinion on how the ipo will fare long range, but I expect a very large jump on the open based on my opinion that current price of sfe can only be justified by investors wanting to own icg. In my opinion, none of sfe direct holdings of other private companies justify the current premium to market value. As John has posted, sfe is trading a historic premiums to the market value of its public companies. Because of this and the relatively poor performance of these holdings as a group since July of last year, I no longer own sfe. I might add until last year it was my largest stock position. I just never have learned to appreciate internet company valuations and thus have missed out on the nice run most of the current sfe investors had. I am not complaining sfe made a lot of money for me and some of its current public holdings have also. Good luck to all, Robert D.