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Technology Stocks : SEEC, Inc. (SEEC) -- Ignore unavailable to you. Want to Upgrade?

To: Nanda who wrote (157)	3/30/1998 9:14:00 AM
From: Ron Sirch	Respond to of 1031

From a laptop in Central Florida: Last week's stock performance was pitiful and very much a disappointment to this long term holder of a substantial core position -- mostly bought in the 8's. Have to believe the new stockholders that bought at 20 feel even more disappointed. And they're probably the very shareholders helping to put the stock further in the dumper. The quarter is ending and I suspect some of the institutions would feel better if this stock didn't show on the bookss as a new addition for third quarter. (Only a opinion but it certainly passes the test of reasonableness.) Meanwhile, this great little company continues to grow exremely rapidly and remains well-positioned to be a big winner in the huge markets it serves (y2k, legacy conversion and maintenance , euro-conversion and more). Indeed, there is much excitement at SEEC about their prospects, and especially about the giant leap forward on their testing package and partnering with Mercury (another great company). If you've been following my comments and analysis, you know I've been unhappy with the way the secondary went. (Except for the price which I believe reflected an impressive road show by CEO Ravi Koka.) We talked about the company's plan to get get the new stock in strong hands, especially in Europe. A respected street-smart professional told me there is no such thing as strong hands in Europe. Looks like he was dead right, as usual. Nevertheless, if we make money here by buying low and selling high, one must believe that we are presented now with another trading opportunity like we had in January. A quick and easy 33% in about a week (15 to 20). Now just four points back to 17 will get you another 30%. I bought some late Friday, including some at 4 pm @ 13 1/16. (Last trade was a sell at 4:01 at 12 13/16.) My theory: Quarter is almost over and the indiscriminate selling and bargain prices will be history. Best regards, Ron Sirch