Siebel Systems (SEBL) - strong buy? Message Board

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Technology Stocks : Siebel Systems (SEBL) - strong buy?

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To: Lizzie Tudor who wrote (6450)	10/18/2002 5:42:24 PM
From: mtnlady	Read Replies (1) of 6974

Well Liz it's sort of like this. There are only 2 options in play. Option a) This was just a relief rally from long oversold conditions or b) The economy really is recovering. So which is it? Your answer dictates your investment decision. Me? I don't see a shred of evidence anywhere that points to the economy getting better. In fact I see the opposite occurring. Even if we HAVE hit the bottom (highly doubtful) we should get a 28-65% retrace (or more!) of this run (as soon as this leg of the run is over with that is!). When we do that retrace what stocks do you think will lead the way down? Yep... companies like SEBL that missed earnings... So no matter how you slice it... I'll wait for better prices and PE ratios :)

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