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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: tekboy who wrote (32484)	9/28/2000 9:57:30 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Tekboy, If the Naz does ever start going back up again, don't you think that will buoy companies like SEBL and NTAP, even with their obscene valuations I have no idea. The only thing I know is that Siebel's valuation is at an historic, relative high. A special note: I'm not suggesting that the valuation won't become monstrously higher because I have no idea about that either. I don't believe it is sustainable at this level for a long period of time but I also have no high degree of certainty about that either. I do believe, however, that the valuation is rich enough that there is a great likelihood that one of three things will happen: 1) The the stock price will come down; 2) The company's block-buster performance will continue to the point that the stock price becomes relatively less rich; or 3) Both of the above two items happen simultaneously to some degree. Just my opinion. The reason I stress it is because I know some people still feel angst for having paid little or no attention to valuation when they purchased shares of other comparably priced stocks earlier this year. --Mike Buckley