Sapiens International Corporation (SPNSF): Turn around...? Message Board

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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?

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To: Sam Golden who wrote (578)	10/6/1997 10:20:00 PM
From: feltburner	of 1936

Sam, I was told late last week by the company that conversion had definitely taken place (didn't ask for exact date). IMO, the high short interest came from holders of the converts who were locking in their price prior to conversion; this is why the stock was driven down to the $8 range on high volume in the weeks following announcement of conversion and why the stock has been firm and volume light post-conversion. I believe the next short interest reading will be significantly reduced; unfortunately, I don't believe there will be a short squeeze since the shorts will cover with their recently converted shrs. That said, I'm willing to bet fundamentals will run it to your $14-$15 target. -Felt Burner

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