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

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To: Ken Hays who wrote (1024)12/23/1997 10:22:00 PM
From: Shege Dambanza  Read Replies (1) of 6974
 
...If I was an insider and I thought the stock was going to keep going up ( I knew the next quarter or next years earnings were going to be sustained) , I wouldn't be selling!...

And what if you needed the money to buy a house, or a car, or something for Christmas? Would you take out a loan, and use the stock (options) as collateral? Many people in high-tech startups take a significant portion of compensation in the form of options. It's not unreasonable to expect people to exercise some options as they vest so that they can realize some gains. It's the American way, dammit! And it is what makes Silicon Valley work.
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