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Technology Stocks : SAP A.G.
SAP 254.41+1.1%Nov 11 3:59 PM EST

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To: mauser96 who wrote (2470)9/5/1998 12:48:00 AM
From: Gary Metzer  Read Replies (2) of 3424
 
SAP Supporters,

I'm out. Bought in as ADR starting at 150 or so pre-split. Bought last shares at 60 post-split on NYSE listing day. Had a bad feeling when it was trading at 61 the day before and opened at 60. Would have expected some bounce. After all, that is what gave me a good comfort factor holding the non-listed shares. After everything is said and done, I think I am down a couple thousand $$$ only. SAP is NOT getting the attention I thought it would, no activity and the only movement is downstream. I will be back, but only once a trend is developed. SAP is a large company at a high PE and I don't think I'll need to worry about it gapping up sometime in the future. I might miss the first part of the rise, but I'll miss any additional price erosion also. It will be interesting to see what happens when they issue their next report.

Good luck.

Gary
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