SIEB Siebert Financial Brokerage Message Board

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Technology Stocks : SIEB Siebert Financial Brokerage

SIEB 2.640

-0.4%

Nov 7 9:30 AM EST

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To: songw who wrote (15)	3/25/1998 8:30:00 AM
From: Anthony Marchese	Read Replies (1) of 284

I haven't seen anyone on this thread discuss the fundamental valuation of SIEB. Now, why is that? Perhaps it is because the only reason people are buying this stock is because it has "momentum" and the stock is going up so people pile on and buy. It is a fool's game to believe you can simply buy because the herd is buying without looking at the fundamentals. At 18 times book value, this is an overpriced security. Relatively speaking, investors are saying they'd rather own SIEB than Merrill Lynch. That's not to say SIEB couldn't go up in price. I'm just pointing out that eventually the bubble will burst and the stock price will plummet. Why do you think that the Siebert Foundation just registered 52,000 shares for sale?

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