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

To: David R. Doerr who wrote (1272)	3/14/1998 12:34:00 PM
From: Clam Clam	Read Replies (2) \| Respond to of 6974

Thanks bro. I like Warren's point relating to entry points in stocks: "Under these circumstances, we try to exert a Ted Williams kind of discipline. In his book The Science of Hitting, Ted explains that he carved the strike zone into 77 cells, each the size of a baseball. Swinging only at balls in his "best" cell, he knew, would allow him to bat .400; reaching for balls in his "worst" spot, the low outside corner of the strike zone, would reduce him to .230. In other words, waiting for the fat pitch would mean a trip to the Hall of Fame; swinging indiscriminately would mean a ticket to the minors. ÿÿÿÿÿÿ If they are in the strike zone at all, the business "pitches" we now see are just catching the lower outside corner. If we swing, we will be locked into low returns. But if we let all of today's balls go by, there can be no assurance that the next ones we see will be more to our liking. Perhaps the attractive prices of the past were the aberrations, not the full prices of today. Unlike Ted, we can't be called out if we resist three pitches that are barely in the strike zone; nevertheless, just standing there, day after day, with my bat on my shoulder is not my idea of fun." 12/31/97 Holdings: American Express Company The Coca-Cola Company The Walt Disney Company Freddie Mac The Gillette Company Travelers Group Inc. The Washington Post Company Wells Fargo & Company That's funny, I don't see a purchase of too many of my technology stocks like Genesys Telecom or Advanced Fibre. Bill, there is no Yahoo in there either. Come on Warren, buy a little Cisco at least. ÿÿÿÿÿÿ