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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: Kevin who wrote (180)8/18/1997 3:38:00 PM
From: uu   of 1936
 
The correction is in the big highly overvalued stocks such as Coke and Gillette. Since most BIG money managers (that used to hold these overvalued stocks) are not sure what to do with the money they have now from selling such stocks (e.g. Coke and Gillette), and therefore they are parking it right now in the bond. Once they are done researching as where the next place for the money is supposed to be, they realize it would be the small to mid cap market (which is extremly undervalued), and also in most high techs that have unjustifiably been beaten down due to their action and causing a domino effect and scaring small as well as mid-size institutional holdings. I believe this transfer of money into most high techs as well as small to mid cap would take place sooner than we think (perhaps sometime by the end of next week or after the coming holiday). And I believe strongly some of that money will also be going to undervalued stocks with huge revenue potentials such as SPNSF.

Regards,

Addi Jamshidi
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