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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: uu who wrote (293)9/3/1997 10:53:00 PM
From: TheInvestor   of 1936
 
Addi:
I have done a little research on SPNSF and this is my take on her:

SPNSF has been making the scene, the last two days. Looks like its
wound up for a strong break out to the mid teens. This stock was discussed on CNBC a week ago, and has very strong ratings for software sector industry. Check out this research on Yahoo:

quote.yahoo.com

The profit takers will be small and far between. The BIG BOYS are
buying this one out and looking for at least $15-$20 before they turn around. If I were a small investor I would stay put. You might get 2-3
dollars worth of profit, but miss the rally to upper teens. If you look at what happened this afternoon. The last 10 minutes the stock dropped more than 1/2 point to as low as 9 3/8 and then in a matter of seconds rebounded back to 9 5/8. This is a sign that MM are priming the stock for tomorrow for a strong up swing again into the $10 - $11 range. Considering the amount of volume (1,733,000 shares) moved today, which mostly was buys, a few sells could not cause any serious damage. Thursdays are usually rallying days. Fridays are typically profit taking days.

In conclusion, SPNSF is primed and ready to go.

Best of Luck to all,
Ben
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