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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: shasta23 who wrote (1751)8/26/1998 4:55:00 PM
From: uu  Read Replies (2) of 1936
 
SPNSF is acting very strangely (to say the least). However I can understand why! The stock has not moved a bit for the past 2 months or so. Nothing can possibly move this stock, neither a great earnings report, a very bright future prospect, nor the entire high tech sector crubmling as it has for the past 2 months or so! Net result, you have a stock that is sitting there like a huge elephant without moving an inch!

So what does it mean? Well, in my view, Wall Street has kind of left this stock alone as they do not believe what they are seeing! And on top of that since SPNSF is a small cap issue it automatically is treated as a 2nd (or for that matter 10th) class citizen!!

Today it did reach $6 1/8 though which is a new low for the stock in over 7-8 months and that kind of worries me that the stock may go into the $5's. However considering how bad the overall market was behaving the stock jumped up very quickly from that brief $6 1/8 level.

I wished I knew what it would take for Wall Street to really believe that SPNSF is real and this time around they are not just kidding around when they talk about huge growth and impressive earnings.

Regards,

Addi Jamshidi
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