Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.846

-3.4%

Nov 28 12:59 PM EST

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To: chojiro who wrote (9182)	2/20/2003 11:59:35 PM
From: Bill Wexler	Read Replies (5) of 10293

I don't believe SEBL is a one trick pony. In fact, I have the utmost faith in the ability of the company to reinvent itself. Software is despised right now. IT spending has slowed to a trickle...and every analyst has come out of the woodwork to explain why these companies are never coming back. SEBL is sitting on a ton of cash (relative to market cap) and I think Tom Siebel is a competent CEO. Once IT spending resumes (and I believe it is going to snap back a lot harder than most people think...the only question is when) this stock is going much higher. By the way - as I mentioned in a previous message on the CTXS thread - I've also been accumulating CTXS at prices between 5 and 12 - same reasoning. Can they go lower in the shor term...sure. But I will continue buying unless someone can provide a compelling argument that software is dead forever. Just because I'm bullish on U.S. stocks, doesn't mean I'm bearish on gold. Quite frankly, I don't speculate in commodities. I did short two mining stocks several years ago (Crystallex and Altair) but that's only because there was indisputable evidence that they were engaged in fraud. Much like the REFR and MTXX (GUMM) stock frauds...those companies were involved in selling stock through press release espousing fraudulent assets/technologies. I notice that RGLD is trading at a 5-year high - but I have no clue if it's a good short ot not simply based on valuation.

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