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Technology Stocks : Siebel Systems (SEBL) - strong buy?
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To: Tulvio Durand who wrote (4400)2/23/2001 2:46:13 PM
From: Jim Willie CB  Read Replies (1) of 6974
 
SEBL down today... probably for at least two reasons
1) its forward PE ratio is still something like 120-130
(trailing PE is about 200, thus a target)
2) technically, price support in the low 50's is shaky on the chart

its price action resembles fibrillation in my view
just holding equity shares, nothing on margin anymore
dont be surprised to hear of lowered y2001 guidance soon
/ jim
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