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Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (3686)	7/21/2000 6:14:44 PM
From: mtnlady	Read Replies (1) \| Respond to of 6974

"The stock should not be selling down and breaking resistance like appears to be if value was seen." Greg I think Siebel "broke down" due to profit taking by the momentum investors (there was a huge run-up before earnings), nervousness about the market in general and Siebel not reporting a stock split. "I have feeling that an extended base building period will be need, maybe two qr., for the market to come to terms with the SEBL's current valuation." I don't think it will take that long for Siebel to 'come back'. I wouldn't be surprised in the least if we don't see Siebel well over 200 by the time earnings are released next quarter. I have started to re-enter Siebel here (158 today) through calls (November). I expect Siebel's price to get into the mid 140's - low 150's if the market drops down a bit more (3700-3900). Lower if the market tanks (i.e. back down to the 3400-3600 range). In short Siebel is being buffeted more by the market now than by the expectations for the company. My opinion only of course :) p.s. I wouldn't be surprised to still see a stock split announcement (2-1) after the next board meeting - whenever that is! Unless of course the market takes a huge nose dive. I also wouldn't be surprised to see the board of directors set the split date to be sometime in September to shore up the price of the stock during the potentially difficult market period of August through early Sept.

To: Boplicity who wrote (3686)	7/22/2000 1:29:04 AM
From: Bruce Brown	Respond to of 6974

Not to mention the ton and a half of $160 options that expired today..... BB

To: Boplicity who wrote (3686)	7/27/2000 12:03:04 PM
From: Boplicity	Read Replies (1) \| Respond to of 6974

SEBL bounced right off support at 145 or so, I see the stock moving to around 160 if the market rallies, then moving back down. A break below 140, which is about near the 50 day moving ave., would signal a break of support. Once support is broken, then I see the stock moving to 135 or so, a break there would signal to me that the uptrend that was started in April bottom would be overwith and I would be more certain of my call for the need of 2 qr base building period. greg