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Technology Stocks : Siebel Systems (SEBL) - strong buy?
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To: Mike Buckley who wrote (4409)2/24/2001 8:07:41 AM
From: chojiro  Read Replies (1) of 6974
 
Thanks Mike.

After looking into it further(which perhaps I should have done before I made my post) I see that is is not a very big issue at present.

I am still in awe at the support it has had considering the high valuation. Maybe it is time to start valuing companies on a different standard? Time will tell.

Now next week, it looks like the markets will rally in anticipation of another intermeeting rate cut. I think that is what brought the markets back yesterday as the rumor began to spread.

However, IMO, SEBL chart still looks really sick. Only question is if the rate cuts will immediately change things. We all know how worthless TA is in the event of news. But will this news be enough to help SEBL regain it's momentum. Right now, I say no. We will need another quarter of good earnings as will as a bright outlook in forward guidance.
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