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

To: Dapper Dan who wrote (2050)	8/28/1998 1:40:00 PM
From: Trader Dave	Read Replies (1) \| Respond to of 6974

The vast majority of the professionals employed in the market have no experience with an extended bear market. I would guess that less than 1% of the portfolio managers were around in '73 - '74. I would even say that the majority of tech fund managers today weren't in the business in 1987 which wasn't a bear market, just a quick correction. I can't call the market and I won't. But I do think that the last three years of wild returns has ruined the thinking of many ordinarily intelligent people. In markets like this, a company's performance is less relevant than the overall market. The japanese seem to be tuning out their problems, if Russia ends up as an adversary again...yuck. US currency becomes a global safe haven, hurts our ability to export. could weaken our economy. (Fed might have to cut rates.) Who knows what's going to happen. SEBL is a high growth company in a high growth market. The only advice i would give is to think very long term. Do you want to own a stock for a year? two years? TD