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


To: Billy who wrote (2915)5/21/1999 10:21:00 AM
From: michael r potter  Read Replies (1) | Respond to of 4467
 
-OT- For those who were interested in Knight Trimark NITE $62 9/16, but missed it first time around. Possible second opportunity. Has pulled back from $80 high [split adjusted]. The fundamentals mentioned in the original posting seem to be 100% intact. [Last Q. sales up 3 X and engs up 4 X.] Very volatile, I am not saying this is the absolute bottom of the pullback [as always, do own DD], but with this one, I sell 1/2 when it is up, then buy back 1/2 on a pullback. Am doing the second part now. Might want to use a $58-$59 stop, because the chart had a double top and is now sweeping down. You just kind of pick a point, where you feel the valuation looks good and it is oversold. Appears to be a very well run company. The main threat to their engs. for the short to intermediate term would be a substantial lessening of volume and volatility. The main positive driver is boom in online trading, and longer term oversees and more institutional business. Thanks, Mike