Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (3658)	4/3/2001 12:56:50 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

I know people who are shorting VRTS, JNPR, BRCD, because they just keep going down and the PE's still look high to them, This one guy was short WCII at 20 ( now at .37) and 7 weeks ago was short ENE, KO, PALM etc. the Grizzer Bear has been around, no question.

To: Stoctrash who wrote (3658)	4/3/2001 1:00:13 PM
From: John Pitera	Respond to of 33421

CEO Siebel predicts that no B2B company survives..... GEERRRR goes the Grizley Siebel CEO Predicts Business-To-Business 'Carnage' Updated: Tuesday, April 3, 2001 08:15 AM ET Email this article to a friend! Printer-friendly version By Anne Brady Of DOW JONES NEWSWIRES (This report was originally published late Monday.) SCOTTSDALE, Ariz. (Dow Jones)--The founder and chief executive of Siebel Systems Inc. (SEBL, news, msgs) used the "R" word repeatedly and unabashedly Monday. "What we're experiencing is a global economic recession," Tom Siebel said in a presentation at the Forrester Research business-to-business technology forum at the Phoenician Resort here. CSCO 14.06 -1.00 SEBL 24.91 -3.74 "This economy changed at a rate nobody could have anticipated," Siebel said. "I have never seen anything like this in my career. ... Any company that can meet revenue projections in this environment, I have the utmost respect for them." Siebel didn't update earnings projections for his own software company, which is scheduled to announce quarterly earnings later this month. In the business-to-business sector, Siebel predicted "incredible carnage" over the next year. "In the B-to-B exchange area, I don't think anybody survives," Siebel said. However, Siebel predicted "a very, very exciting time" after the dust clears and the economy enters an up-cycle in a couple years. He predicted that the Nasdaq would hit 10000 in 2005. "Right now, the market is overcorrecting itself," Siebel said. Alfred Berkeley, vice chairman of the board of the Nasdaq, likewise cautioned investors against overreacting to rapid, random movement of stock prices brought on by the trading of speculators. "In my opinion, the only way to play successfully every time is to be an investor," Berkeley said. "If you're an investor, you place a bet today and you wait years to see if it pays out." Speaking at an Economic Club of Phoenix event at the same resort, Berkeley said he personally has "a difficult time investing in anything today" because it has been five years since he worked as an analyst and banker. "I feel naked in terms of information on fundamentals," he said. With so much news about daily stock movements and earnings variations, it can be "very difficult emotional work to stick" with stocks even after doing research, he said. "The voice (of the media) is saying, 'Be concerned about random movement of Cisco's stock price,' " Berkeley said. "If you're an investor, you'd better understand this is really hard work." Speaking with Dow Jones Newswires after his speech, Berkeley declined to comment on Siebel's predictions, but he agreed we are experiencing "a confluence of product cycles and economic cycles."