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

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To: mrc who wrote (624)10/17/1997 11:45:00 AM
From: uu   of 1936
 
Rosalie:

> SPNSF is dropping below 9. Do you have any news?

It is not just SPNSF. You pick any high-tech stock today (and possibly through end of this month) and tell me if it is not dropping by 20% or more! It is a mini-crash (short lived) we are seeing with the Nasdaq stocks (and may even get to the broader market - who knows?!). But this is short lived and we should be back on the track once the option expiration is over, and this whole damn month of October is over!

As for SPNSF specific, as I said a while back this stock will be trading between $8.5-$10.25 (give or take an 1/8-1/4) till the earnings come out which should be sometime during the first 2 weeks of November. Based on that I anticipate (well lets say I hope!) the stock will be going to the mid teens.

As always just my humble opinion and not an investment advice.

Regards,

Addi Jamshidi
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