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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: uu who wrote (1062)2/10/1998 3:49:00 AM
From: Tumbleweed   of 1936
 
Addi, there is no doubt at all that SI and other Internet Forums can move stocks in a big way.

I'll give two recent examples, DWSC and KESE.

Both of these have been recommended (some would say hyped) by an organisation called 'The Future Superstock'. This works entirely be emailed messages recommending a stock, which then leads to a lot of discussion/comment on SI and related forums (but I understand SI is the biggest).

In both of the above stocks, the price doubled within a week of the announcement and subsequent discussions. (and subsequently fell back hard) The only explanation is that people are buying the stock purely because of an email or discssion on SI, and enough are doing it to dramatically affect the price. I've also seen this phenomenon occur with a very small company here on SI (not hyped by FSS) where the price went from 75c to 2$ in a couple of weeks purely because of the buying power of SI investors (gamblers?).

You said 'what are these people? A bunch of morons with a lot of money? Maybe they are a bunch of morons with less money now!
Though, if you are smart enough and lucky enough to recognise one of these movements, and fast enough, you can make good money on them.

Joe C
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