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


To: Trader Dave who wrote (1148)3/2/1998 11:52:00 AM
From: Gloria G  Respond to of 6974
 
Whenever a successful company buys a smaller company, the buyer's stock price usually drops for a day or two, then usually rises again.
After all, Siebel wouldn't go after this deal if it didn't think this was a really positive move for Siebel! This could be a good buying opportunity.
Any thoughts or reactions?



To: Trader Dave who wrote (1148)3/2/1998 12:01:00 PM
From: Melissa McAuliffe  Read Replies (1) | Respond to of 6974
 
Thanks for the response. If that's arbitrage I can see how these guys make their money. I kept looking at this earlier and decided at 18 1/8 scop was a value..at least for now. So rather than overanalyze I bought some figuring worst case I end up with sebl stock. But it's gone up over a point since then.

With respect to buying sebl on a dip. It appears (so far today at least)that sebl hit its resistance at 55 and seems to be moving slowly up from there. Hopefully this continues.

Melissa