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

To: Mr Logic who wrote (1202)	3/10/1998 7:58:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 6974

Patrick, There is a good book about short selling called.."The Art of Short Selling". It's here somewhere but I can't find it or I would give you the author also. My personal belief is that shorting on anything but fundamental changes in business conditions is risky unless you are potentially shorting for a short term trade based on daily or several days price fluctuations. Based on your post on the PSFT thread, I didn't get this impression since you seem to feel that a $48 stock is going to $30 which isn't happening over the next week unless something we are not currently aware of occurs. << Any committed long could also have sold SEBL at 63, an bought back here. At least then THEY could have made some money in the last week. >> I am actually a committed long and I did just this @63. I then bought the stock back at 55. I am fortunate in that I have access to intraday charts and I saw what was happening and knew it was a good time to sell. If were into shorting, I guess I could have done the same thing and made money. It's just not my thing. But it would have been a very very short term short. Whatever you do, good luck. I don't have any vested interest in where you are long or short. All I'm saying is that you appear to be approaching this from a longer term perspective. And that's where I am of the opinion that these are not the best stocks to short, IMHO. Melissa