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To: abuelita who wrote (34834)3/16/2001 1:46:13 PM
From: AllansAlias  Read Replies (1) | Respond to of 35685
 
So then, you are convinced that we will start a new bull run and are nibbling at long-term investments. Yes?

SEBL may bounce, but it sure doesn't look good to me. 18 months ago, or so, the general picture was much rosier and SEBL was trading then at $14-$18. I see no support for it in the chart here.

Still like most things, it is deeply oversold short-term and a rally to $37, though a stunning percentage increase from here, would not surprise me if the NASDAQ gets into rally mode. Higher than that would surprise me though.

Do what you feel you have to do, but mho is that this is more a time of capital preservation and emphatically not a time to think about long-term investments.

Best of luck.



To: abuelita who wrote (34834)3/16/2001 2:00:54 PM
From: bonnuss_in_austin  Read Replies (1) | Respond to of 35685
 
Rosie: SEBL P/E @ $26 and change still 107.

That's why I 'shorted' it via puts.

Plus the remarks of its CEO late yesterday:

biz.yahoo.com

Does it not look to you (as it does to me) like he's setting up to announce shortfall?

ROSE: I can be totally wrong about this, but I'm willing to 'bet' via puts that I'll make money on the April expiry.

b-i-a