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Technology Stocks : SIEB Siebert Financial Brokerage -- Ignore unavailable to you. Want to Upgrade?

To: Gutterball who wrote (244)	4/15/1999 6:32:00 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 284

SIEB is a buy at 35. I don't want to give stop points, because if a lot of people follow it, the market makers can gun the stops easily. Anyway, it traded mildly up in after hours and went above 40. CNBC made two general points tonight. That the drop may have been due to tax day, and that OLBs are growing too fast to ignore. I went back and checked for a few years. In years where late March and early April have been up, the tax day (give or take a couple of days) has been in the midst of a sell off, only to recover by the end of the month (I am talking about Nasdaq here). My guess is that tomorrow should be an up day. ST

To: Gutterball who wrote (244)	4/15/1999 6:37:00 PM
From: Randy Elder	Read Replies (1) \| Respond to of 284

The other thing that is important to remember is the technical factors that Sun Tzu is talking about are relevant to short term trading, but that fundamentally, SIEB is ridiculously overpriced even for an internet stock, with a price to sales ratio of 33 and declining margins with the shift from discount brokerage to the cutthroat internet brokerage business. Of course that is completely irrelevant to the people trading more than SIEB's entire float every day, but is probably worthwhile to keep it in the back of your mind (because small floats result in volatility in both directions). Happy Trading