SAP A.G. Message Board - Msg: 10841814

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Technology Stocks : SAP A.G.

SAP 233.59

-1.0%

Jan 16 9:30 AM EST

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To: Jacob Snyder who wrote (3283)	8/5/1999 5:48:00 PM
From: Jacob Snyder	Read Replies (1) of 3424

Still sinking. Noone wanted to buy the stock today until it got down to 29 3/8. Then, when the stock came back up, following the market, volume tapered off. If the stock comes up to 31, but can't get any further, that'll confirm that 31 (old support level) is now a resistance level, and a largish downward move is likely. I'll probably sell the stock I hold, and keep the LEAPs. There doesn't seem to be any new news. The consensus is still: uncertainty through 1/1/2000, then a return to long-term 25-30%/year revenue and profit growth rates. If corporations want to take advantage of the internet, back-office operations have to be completely digitized. That's what SAP does. Actually, I'm a bit surprised that the market is not looking beyond Y2K issues, yet. There's only 5 months left in 1999.

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