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Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...?
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To: Alex who wrote (1775)10/7/1998 6:07:00 PM
From: uu   of 1936
 
Alex:

I simply can not believe SPNSf is in the $3 range. But then again recently I have seen so many stocks crashing I can believe anything.

Here is my take on why the sudden fall in SPNSF:

1. It is October (i.e. tax write off selling is fully in progress till end of this month at least).

2. The overall market is weak. In fact the market has not been so weak in over 8 years as it has at this time. Any rally is treated as an opportunity to cash and bail out of the stock market. We are definitely in a bear market (in fact we have been in a bear market for the past 6 months).

3. Small stocks continue to suffer thanks to the global economy. The psyhoclogy (as idiotic as it is) is that if global economy is going to crush big corporations, then how can anyone have any hope for small companies.

4. We have the dirty hypocrite Republicans in the congress who are trying to push forward their personal grudge against Clinton by using Lewinsky as an excude to impeach him and hence bring instability to the political arena of the US. When the whole world is in trouble (financially) and everyone is looking up to the US for its financial and poilitical stability, things such as impeachment do not make the market very happy!

5. The company does not communicate with the share holders/investors as much as it should.

6. Who knows? God forbids if they are to report a bad earnings and someone knows something (I personally do not believe in a million years they would report anything but a very impressive earnings report). But then again I have proven to be wrong many times in the past!

Regards,

Addi Jamshidi
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