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

To: michael r potter who wrote (2996)	5/31/1999 1:56:00 PM
From: kcmike	Read Replies (2) \| Respond to of 4467

Mike, Regarding SFE rights. I know there are some changes coming, but hopefully the rights offerings will still be somewhat attractive for investors. If you are not currently long a substantial amount of SFE, but are interested in upcoming rights, do you think it makes sense to buy a significant amount, and sell in the money covered calls to reduce the risk and initial investment, just for the rights? Or are you better off just holding a moderate amount of SFE and getting the advantage of the new companies through SFE? Also, do you usually see any particluar movement in the price of SFE at the time a new IPO is issued? Thanks, Mike

To: michael r potter who wrote (2996)	5/31/1999 2:07:00 PM
From: gdichaz	Respond to of 4467

To Michael: Thank you for your thoughts. They are particularly valuable IMO because your well considered thoughts are based on analysis and real world personal experience. I agree strongly based upon my experience. I have had the benefit of trying just about every investment approach around and making major mistakes which have been my best teacher. I have come to conclusions similar to yours. As a result I try to find areas or technologies with the best potential - which I think are telecom equip suppliers and within that wireless and fiberoptics. Then I buy in those fields and hold. I will sell if fundamentals change, but put the proceeds in those that are doing best. I have never been successful in buying "value" or buying on the way down. Buying on the way up however has been very successful - tho hard to do. Thanks again. Chaz PS I am in SFE because I do not feel I can master the internut field myself, so I rely on SFE as my "agent" in internuts and buy directly in telecom where I know somewhat better what I am doing. PPS I also think that SFE is a major help by making it possible to participate in the internuts as an SFE shareholder on the ground floor in IPOs which can he bought for a short or a long run after issue. SFE will keep an interest in them so that means if they do well, you as a shareholder do well anyway, and since SFE will keep its hand in, so to speak, I will feel more comfortable hanging on to some of the little guys for a long period too.

To: michael r potter who wrote (2996)	6/1/1999 2:03:00 AM
From: RRRoarr	Respond to of 4467

OT michael, All your points are well made. Everyone is different, so there're different ways to make money. For me, tax will never be a concern as 90% (& increasing) of my portfolio is tax deferred. I'm sure lots, if not most, people are like me because the latest reports all indicate that we're a nation of ridiculous poor savers. I believe instead we really are a nation of shrewd "hidden" savers--via IRA, 401k, SEP, etc. IMHO, to deal successfully long term with Ms Market, an investor must start with a clearly defined goal, shape a strategy to reach that goal, refine strategy upon gaining new proven knowledge, and willing & hungry to learn new ideas every day. Q-911