Sagent Technology, Inc. (SGNT) Message Board

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Technology Stocks : Sagent Technology, Inc. (SGNT)

SGNT 21.76

0.0%

Aug 30 5:00 PM EST

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To: Paul Oberlin who wrote (93)	1/9/2000 12:03:00 PM
From: Carl R.	Read Replies (1) of 220

I really don't see the stock under 20. There were a couple times when the support in the mid-twenties looked like it might give way, but in the end it held. On the other hand I see no compelling reason for the stock to move up above 30, either, unless they post a truly outstanding quarterly report or sign some major deal. My expectation for Q4-99 is that they did about $12.3 million and earned $.04. If they did above $13 million the stock could certainly move above $30. Basically I expect the stock to base in the $25-30 range for several more months prior to moving up another step in April. I do not expect the overall market to be strong in the Feb-March time period, so this coincides with (and influences) my perception. FWIW when I posted a month or two ago on the Yahoo thread that the stock was reasonably valued at 25 I was labelled a short or worse. They all thought it would be at least 50 by now. <G> The SGNT thread on Yahoo is one of the worst over there, and I wouldn't recommend reading it. This stock is a long-term hold, and will continue to do well. I agree that if it dips under $20, that presents an excellent opportunity to buy more. Carl

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