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

To: kcmike who wrote (2879)	5/19/1999 5:10:00 PM
From: michael r potter	Respond to of 4467

I would give SFE the benefit of a doubt right here, but would become considerably more bullish if it breaks above $97, especially if volume picks up on that potential move. Southwest SWS $81 9/16 [gulp, up another $12 1/4 today], looks fine. Any pause should be more of the normal consolidation it has shown on the way up from the $40s. FWIW, I really like EBay's business model. They are creating a revolution in their category. A friend retired in his 40s last year [not wealthy though], got into EBAY buying and selling for personal interest, and is rapidly making a living from it. It makes so much sense. All these specialty items around the country have been marketed to a local audience, usually out of a store-very limited eyeballs and audience, while the real buyers are all over the U.S. Suddenly a way to get those items in front of the nation, no store overhead, and small commissions to sell. EBAY has the dominant position and name-it will be hard for others to catch up. They are a new category killer IMO. EBAY has relatively low capital costs, and collects a small commission on every listing and sale. Still don't own it, would like to own it on a healthy correction, but the problem is, one never knows whether the correction could happen now or from a much higher level. Stock very expensive, but what a future. Business auction sights set up like EBAY will be a bigger market but don't know if there are any potentially dominant players publicly traded. Maybe a SFE co. will emerge since they are business to business. Mike