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: uu who wrote (688)	11/7/1997 1:22:00 PM
From: TheInvestor	Read Replies (1) of 1936

What are you talking aboute, the price of a stock is based on what the last completed order is. If the going price of a stock is 8 and I offer 8 1/4 and I am the last order. Then my purchase will reflect the price of the stock at 8 1/4, if the MM decide to raise the price to make it more profitable. You are mistaken, small amount of orders can move a stock one way or the other. On the average it takes a great deal of volume to keep it at a certain place. I know for a fact if 100 people buy a stock at a given price, it will gravitate to that value for a significant period of time. Just my observation, playing this game. Regards, Ben

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