Siebel Systems (SEBL) - strong buy? Message Board

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

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To: Trader Dave who wrote (2585)	2/24/1999 10:00:00 PM
From: Bob Duncan	Read Replies (1) of 6974

Trader Dave: I think you are correct. Anyone that disagrees that this is not market related (the late sell off) go to Yahoo and compare day charts of INTC, MSFT, DELL, CSCO, and SEBL. All showed weakness at about the same time, all sold off at about the same clip. I do not know as much about trading as some here, but I think this selloff was related to index fund managers - also when they all start to dump Nasdaq 100 stocks (and based on the charts today it looks like that is what happened) they can push things down. 3:30 onward everyday it seems like the market makes a sharp move further in the direction it has already established. I agree that you are prob. right about SEBL long term. However, now that I have calls on them I suppose it will not move up until the calls expire. I am wondering if I should get out of the calls at a loss or wait a bit - do you see much short term upside? (Got in the Mar. 50's at 1 5/8 today.)

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