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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 430.29

-0.7%

Jan 30 9:30 AM EST

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To: Bob Biersack who wrote (15324)	4/10/2002 12:37:54 PM
From: Susan G	Read Replies (2) of 26752

This is part of the reason for the big tank also... 11:27 ET Siebel Systems falls on Bloomberg story -- traders (25.59 -1.97) -- Update -- Traders attributing intraday flop to Bloomberg story that Siebel expects 100-200 information technology companies to close this yr due to weak software demand. Speaking at a presentation in Madrid, co reported to have called Q1 possibly the worst in industry history All software got slammed when that came out... so far, Monday's lows held - on the COMP but not the NDX. Back on the edge of the cliff though, that earlier reversal was really bearish candlewise

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