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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: BDR who wrote (280)4/26/2001 1:17:35 PM
From: Mike Buckley  Read Replies (1) of 5205
 
Dale,

I haven't read anything to explain why the market values it at nearly twice what it did a month ago. Any thoughts from you or other thread participants?

In the four years I've been following Siebel, when Siebel got to around $25 it was valued on a relative basis less than at any time I've seen. I even made mention of that in the G&K thread.

I think the rise in the price of the stock is explained by the fact that despite many other companies were issuing warnings, Siebel never did. Then when earnings were announced last week, the company exceeded the consensus estimate by a penny and at the same time expressed very clear visibility. That removed a significant level of doubt and uncertainty that still remains for many other stocks.

--Mike Buckley
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