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Technology Stocks : Siebel Systems (SEBL) - strong buy?

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To: Melissa McAuliffe who wrote (2182)10/14/1998 11:23:00 PM
From: Trader Dave   of 6974
 
Well here's another interpretation of the stock action:

The pressure on the stock wasn't a whisper of weak guidance, it was the shorts decimating another enterprise software company (since in case you didn't know, all enterprise software companies will be forced to declare bankruptcy as y2k spending and the global economic collapse prevent all future IT expenditures.)

Longs will have fun tomorrow. the trading should be interesting, i'd love to know how much short covering there was today and how desperate it will be tomorrow. Look out above, but i know some folks who will suffer for their nearly random and ridiculous attacks on all kinds of tech companies. maybe day traders getting in will gap it up even more.

enjoy.
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