TIBCO Software Inc - ( Nasdaq - TIBX ) Message Board

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Technology Stocks : TIBCO Software Inc - ( Nasdaq - TIBX )

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To: warren bostwick who wrote (239)	7/25/2000 8:38:41 PM
From: VoodooFL	Read Replies (1) of 289

I don't really take much on that sell recommendation. Take a look at the chart. It went up very fast. I just think it is some profit taking that has taken it below $100. You have continued weakness in the Nasdaq (today was an up day though) and some profit taking on TIBX. Don't forget that during the April downturn Tibco did a follow on offering netting $250 mill @106/share. Those investors saw a dramatic downturn in stock price immediately after their investment. If I were them once I saw the $120's and then the start of the pullback, I would bail with a profit. I myself got out of a small position @$125. TIBX went up fast for me. I had been waiting for months for it. If I saw mid $80's (don't forget $96 may be the bottom too) I would be a buyer again although I don't want to be caught in any tech selloff. It's all about earnings and interest rates. Long term this stock will be setting new highs! Great company!

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