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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: Steve Woas who wrote (46)7/4/1997 11:34:00 AM
From: TEDennis   of 1936
 
Steve: Actually, CACI shouldn't have been speculative, what with the number of government contracts and affiliations they already had before the Y2K opportunities. I bought into it when it was already running up .. not as a speculation, but as a short term momentum play. Unfortunately, the run up died right after I bought in, and I sold out at a 30% loss just recently.

ALYD, on the other hand, was more speculation. So far, I've made 90% just on the recent runup ... on paper. I was playing in and out for a while, again as a momentum play ... then went into hold mode while waiting for the NASDAQ listing. Playing the swings netted me 45%. I should have continued playing the swings, cuz it just sat there in a narrow range for several weeks. It shot up just recently. Will sell out after the listing ... sell into strength ...

I don't consider either of those to be as highly speculative as SPNSF, where they have a history of major faux paux's. Besides, the stock doesn't seem to swing much ... and that's where I enjoy playing.

SPNSF could be a nice turnaround ... but I don't think so. There are other areas of the market where I feel I can get better profits ... and feel more secure doing it. It all comes down to investment styles.

Incidentally, it was not I who initially characterized SPNSF as highly speculative. It was Addi. I merely supported his statement.

Happy profits to you,

TED
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