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Technology Stocks : Siebel Systems (SEBL) - strong buy?
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To: Hardly B. Solipsist who wrote (5871)5/13/2002 8:18:54 PM
From: Mike  Read Replies (2) of 6974
 
You said it yourself - if "they are unloading a large proportion of the stock they hold" - well, they are. The numbers are huge and were being sold when employees were prohibited from selling shares. (Sound familiar?) In addition, the swaps from last year are coming home to roost.

If Tom & Co are selling it wholesale when the stock is in the 20's that tells you what they think about the value of their company. It makes little difference if the stock was granted to them or not. If they believe the stock would be higher in the next 24 - 48 months they would be holding. If it were simply sales to diversify their portfolio I could understand, but just tally the numbers from last year and you'll find a huge sell off right down to the 52 week low.

Just my opinion - and that is worth what you paid for it.
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