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

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To: P. Ramamoorthy who wrote (1679)6/17/1998 11:35:00 AM
From: Walk Softly  Read Replies (1) of 1936
 
Sure would like to see it pop back up above its 200 day moving average @8 1/8 on nice volume... can't imagine what type of news is going to do it.... that the French systems integrator which they acquired accepted payment in the form of shares valued at 8 1/2 is a telling truth to the value of SPNSF shares.... some heavy duty manipulation going on here.... seems the deep pockets are trying to snatch additional shares on the cheap... moving your shares to a "cash" as opposed to a "margin" account will ensure your shares can't be shorted.... I think it will take 2Q eps=.12 to get things moving fundamentally (though estimates are for .09)..... I expect revs in the 15mil+ (50% over PYP growth, 7-8% sequentially) range

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