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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (280)	4/26/2001 1:17:35 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 5205

Dale, I haven't read anything to explain why the market values it at nearly twice what it did a month ago. Any thoughts from you or other thread participants? In the four years I've been following Siebel, when Siebel got to around $25 it was valued on a relative basis less than at any time I've seen. I even made mention of that in the G&K thread. I think the rise in the price of the stock is explained by the fact that despite many other companies were issuing warnings, Siebel never did. Then when earnings were announced last week, the company exceeded the consensus estimate by a penny and at the same time expressed very clear visibility. That removed a significant level of doubt and uncertainty that still remains for many other stocks. --Mike Buckley

To: BDR who wrote (280)	4/26/2001 1:22:01 PM
From: Uncle Frank	Read Replies (3) \| Respond to of 5205

>> With SEBL at 44.11 the May 50s are selling for 2.30. I haven't read anything to explain why the market values it at nearly twice what it did a month ago. Sebl hit a 52 week low of 22.95 on April 3 Imho it was driven by pessimism related to a rash of nasdaq companies issuing 1Q warnings, and sector problems such as orcl's forward outlook and the itwo difficulties with Nike. But there were never any specific sebl problems reported, and it turns out the gloomy assumption that they would disappoint was unfounded. An excellent earnings report, a surprise fed cut, and a few nice reports from software companies have all occurred since sebl's April low. I think it is very possible that we could see sebl back in the 50s in the near term, and I've delayed writing April cc's for that reason. bwtfdik? duf