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Technology Stocks : Siebel Systems (SEBL) - strong buy? -- Ignore unavailable to you. Want to Upgrade?

To: Brasco One who wrote (6405)10/7/2002 8:01:42 AM
From: JakeStraw  Read Replies (1) | Respond to of 6974
 
Siebel staff: We'll take cash

Siebel Systems' employees have spoken: They'll gladly give up stock options for cold, hard cash. In a filing with the Securities and Exchange Commission Thursday, the software maker said that roughly 3,400 employees swapped their eligible "underwater" stock options for $1.85 in cash or stock. A stock option is underwater when the strike price is higher than the current value of the stock.
cl.com.com



To: Brasco One who wrote (6405)10/13/2002 7:03:14 PM
From: chojiro  Respond to of 6974
 
how about if the stock goes to 4.01 and never sees 3s??


Than I made a bad call!
Regardless, nothing has changed yet besides a technical over sold bounce.
As I mentioned earlier I did cover some of my position last week.

I'll take $7/8 bucks as a selling opportunity.
If it gets beyond that I'll reassess the position.


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