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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (38115)6/8/2000 1:49:00 PM
From: Rich1  Respond to of 63513
 
Well since I have no self control I already bought it at $142. Stop is $134. DOH



To: Jorj X Mckie who wrote (38115)6/8/2000 2:22:00 PM
From: John Pitera  Respond to of 63513
 
Hi Tom,

I also really like SEBL as a company.

I'm looking at a number of charts and we look like we could
have several down days.

It really depends on the market psychology and mood.

SEBl looks to me like it's the same chart pattern
that CSCO was when it went from it's April Low to it's
little run to 72 and then fell to close to 50.

Sebl would be at 72 in between the 2 legs down, if it
follows this pattern.

I see it in a number of stocks.

Valuations are still a problem especially since we know
that the market is thinking about them.

SEBL's PE is 223 on a trailing basis. all these stocks
like BRCM, PMCS, JNPR, SSTI, have turbo charged PE's

I'd like to register sense of caution. But we may have
the stocks that are still rising the best such as JNPR,
BRCD,SEBl, SDLI hold up until say June 16th.

If the market could get big volume and other great news
such as the Fed getting very dovish etc then
that would alleviate my concerns.

I do think that several companies are going to have
a revenue drag from overseas sales due to the strong
dollar the past several months.

If the NASD gets above the 3980-4000 area and the internals
improve, that would make me more positive.

John