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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Jeff who wrote (113606)	7/19/2001 7:47:37 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

Now, Doc, don't be too hard on SEBL 'cause of the insiders. Most of it was Tommy S. unloading a bit (he sold about 170K in June, out of something like 38 million shares). A good bit was by Chuck Schwab, who probably wanted to hold "a little bit of cash...a few bonds...a few SCH pootskies" to ride out this really tough market environment!!! Given the news that Tom knew he was gonna be dishing out, he coulda unloaded a HELL of a lot more than 170K if he really thought the company was in any kind of trouble. EDIT: Of course, he did unload about 6 million shares from the beginning of the year through June...but even that was only about 15% of his holdings (and done at prices considerably higher than where it trades now). It's pricy, no doubt, and it'll come in a bit more (the high 20's are a given). But I don't see it going to hat size status, and I do see them coming back quicker than (nearly) every other software company (certainly quicker than everyone doing CRM). For now, they're a pretty good trading sardine when you need some quick, volatile long exposure. At some point I'm gonna buy and hold this one, but when and at what price I haven't decided. EDIT: Now removing red rubber nose and floppy shoes!<G>