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

To: Trader Dave who wrote (2789)	5/14/1999 4:26:00 PM
From: Thean	Respond to of 6974

SEBL today closed above the $43-44 resistence level despite the overall weakness in techs and overall market. This is significant technically as today could be the first step out of its base building exercise of the past month. I also think another partnership with the like of JD Edward will turn the sentiment quickly. Wonder what's TOM thinking... TD - MERQ got out of its resistence band at $31 yesterday and today's activity again shows its intrinsic strength. I think its sellers are done selling as its volume has died down. If there are still big sellers out there, today would provide all the reasons to sell but that did not happen. I wrote May 30 call but will wait till next Thursday-Friday to see if it's necessary to roll into June 35. The only wreck track for both of them is if the Fed raise rate and sink all ships.