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

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To: Risky Business who wrote (1884)1/29/1999 4:24:00 PM
From: uu  Read Replies (3) of 1936
 
Risky,

The problem with SPNSF is its past which still is hunting it. Management has just started to re-establish some credebility and has started to re-gain the trust of the analysts. Remember these guys were trusted so much back in 1992 and a lot of analysts got burnt. It will take time for everything to go under the bridge, but the process is 3/4 of the way in process (in my humble opinion of course).

Till last week I thought the bad feelings of past between analysts and management is under the bridge, but from the action of the past few days it does not seem to be the case. I would say SPNSF will drop to $7.25/shr in the coming weeks at which time will provide an excellent opportunity to buy more. The stock will be in the $15/shr range soon. As for when? Well, I would say by the end of this year and hopefully before summer ends.

Regards, - Addi
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