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

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To: Andrew H who wrote (841)1/16/1998 1:31:00 AM
From: uu  Read Replies (1) of 1936
 
Andrew:

> Actually, Addi, in contrast to SPNSF, many Y2K stocks have done
> very well in the last couple of months.


I know and that is what has made me a bit concerned! SPNSF is neither thought of as a real Y2K player nor as a client-server software provider, but as a combination. And the funny thing is both Y2K stocks and client-server stocks have done OK for the past month or so except SPNSF! The only thing that I can think of for the lack of SPNSF performance is that it is perceived to have too much international exposure as compare to the Y2K companies or other client-server companies. And we all know anyone who has international exposure these days is sort of Rodney Dangerfield (i.e. it gets no respect)!

But that aside, I keep having these horrified memories of early 1994 when the stock started a downward trend (like the one we are having. At that time it had come down from $28 to $14 and then from $14 to $0.5/shr in a matter of 5 months) without any apparent good reason for small investors - or for that matter institutional owners to see - till it was too late. I know it is a compeltely different company and it is a completely different time, but as I said one can not simply forget the pain of the past! Despite the fact that SPNSF is a totally different company now (as far as business strategy and technology are concerned) one thing remains to be the same: A lot of very interesting people are invested heavily in this company who ultimately control the share price. And these people are not your regular Janus Fund managers, but rather very very powerful international bankers, and investors (from Israeli powerful cartels to Swiss bankers to Japanese tycoons to Saudi Arabian oil giants).

For now SPNSF has definately established a downward trend but if I am correct and assume that the same people who pushed the stock to the $10.75 from $2 a few short months ago and who were strongly believed in loading up the shares between $5.5-$7, then I think we maybe at the bottom of the downward trend line and perhaps soon we are about to start another big bull run toward $12.

Regards,

Addi Jamshidi
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