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

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To: dep who wrote (1709)7/11/1998 1:17:00 AM
From: uu   of 1936
 
Tonight on NBR a guy by the name of Weinstein suggested to get out of SPNSF (after recommending it last year when it was at around $7/shr). Stan Weinstein is a short term, momentum player who appears on NBR once every year. He recomended SPNSF last year about the same time when it was at around $7/shr. It took about 3 months for it to go to $10/shr and then came back and has been staying at around $6-$9/shr. Therefore it is obvious for him (as a momentum player) not to like the stock this year!! He has a reputation to protect (!) and to be fair for being a momentum player SPNSF has not improved his reputation!

Now if you are an investor then that is a totally different story! H&Q does not grade a stock as a buy unless they were confident of company's fundamentals. And believe me H&Q analysts have a lot more reputation to protect than a joker like Stan Weinstein. SPNSF might not be behaving like Yahoo, or Excite or some of these other "funny" internet stocks, but if you are a bit more patient I believe it will very soon. The next hype" hitting the market will be the Euro conversion and Sapiens is perhaps "The" prominant player in this area at this time. And the beauty is in the fact that Sapiens is a company with a huge revenue coming to it from its client-server technology well beyond yesr 2000 and once the Euro conversion hype is over!

IMHO any buy in the $6.75-$8/shr is a golden opportunity of 1998!

Regards,

Addi Jamshidi
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