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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: David A. Stern who wrote (3488)	10/16/1998 3:13:00 PM
From: Smilodon	Read Replies (1) \| Respond to of 4634

I shorted just a little SEBL at 20. Very nervous with the Fed rate cut, so I will cover if it goes up much farther. I listened to the conference call, and while the company was very optimistic, the participants seemed skeptical. BARS downgraded to a buy, citing the usual suspect for enterprise software (Y2K, competition). I can't see a definite sign of a fundamental break here and the market seems to be on the way back up. I will likely cover at a slight loss. However, I would not be surprised if the industry conditions catch up with them. Also, general negative sentiment among investors may keep the lid on it. Not my best analysis, but it is all I have right now, Archer