Addi and all...
Just had a look at the volumes for Friday last, and its an inescapable
fact that Sapiens has become a momentum stock, for the time being at
least. The number of trades is way above what you might expect of a
'smallish' company [no disrespect meant!]
Examples (all Y2K)
Alyd 78,000
cbsl 24,000
imrs 76,000
mapx 152,000
vias 421,000
zitl 1,310,000
Spnsf 605,000
So, other than the much hyped and maligned Zitel, we were second in
this list of randomly chosen companies. IBM only traded 5x as many
stock!
So, like it or loath it, we are up there in 'hype' territory, with
all that implies about exaggerated price movements. I havent looked
at the charts to see how volume has affected Spnsf in the past, but I
would have thought that such a large volume on Friday could well
precede a move to the upside. And possibly such a move could be
fast, warning caution on the part of those looking to profit from
short term dips.
Good luck to all
Joe C |
