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Technology Stocks : Sapient (SAPE)
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To: mmeggs who wrote (67)9/7/1998 9:59:00 PM
From: mchip  Read Replies (1) of 178
 
I wish I was not traveling on Friday (you posted your message at the bottom!) I would have picked up more in the 20's for sure, I was happy to get some in the 30's!!
SAPE as, Mike (My opinions *only*) posted, seems to have fallen with CATP, which they are grouped with in the markets eyes. Although SAPE and CATP are in basically the same business, I don't think SAPE is as effected by the reasons in the news release as CATP.

I think SAPE is very thinly traded. Institutional holdings are high, 40-50%. Insider holdings are also high. The volume on Fri of 3+Mil was incredible. SAPE fell fast after a 10,000 share sell in the afternoon, hit bottom and bounced. I don't know who was buying and selling, but nothing I have seen makes me think that SAPE is not fairly valued right now in the mid 40's. And still growing strong.
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