Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Sapiens International Corporation (SPNSF): Turn around...? -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (1160)	2/16/1998 3:43:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 1936

Addi, if the settlement date is the end of April, then 90 days prior would be about the beginning of February. Thus, I would expect those wishing to secure the lowest possible share price to start shorting on or about that day. Furthermore, to maximize the short, I would expect they would want the price to have risen nicely the week prior. Now, let's look at the chart. The most recent high came right at the beginning of February, and the price rose from 6 5/8 to 7 3/8 over seven trading days to get there. Since then, it has gone slowly downhill to its current price of 6 1/2. However, the most telling sign of short activity is on 2/9, the day of earnings when the stock had a high of 7.5 and a low of 6 3/4 but closed on the low on higher than normal volume. The fact the stock has stayed at around this level means, possibly, that shorts are matching the buying to keep the price from rising past these levels. Yes, a couple weeks of activity within the 90 day period does not a pattern make. So, perhaps I am way premature to assume that shorting has probably picked up dramatically so far this month. However, I offer the above as food for thought. I think the closing price and activity on the day of the next contract release will speak volumes. - Jeff

To: uu who wrote (1160)	2/16/1998 11:32:00 AM
From: Robert G Allen	Read Replies (3) \| Respond to of 1936

Since you guys keep stewing over it!! The suit has been settled and payed. This is why the company issued the convertible preferred last yr. This is very old news. The convertible has even been converted and is ,in part,responsible for the share drop. The folks that have a claim have been paid . You folks are supposing about things that you nothing about. Make a phone call. That you have not received a distribution yet is only a detail....the amount is fixed....and not subject to further negotiation...call the company....call Bleichroeder...they handled the whole affair for SPNSF. 5 yr 60% growth is feasible, 23mil cash, 50 y2k bids out there,15 of which are $5Mil + projects and that does not include licensing fees from IBM,EDS,UIS etc. etc. Sources are extremely pleased and a host of clients which are large insurance companies, make insuretech a schrewd acquisition. 20 experienced software pro's & 15 major league insurance deals for 200k in cash and stock this acquistion ia a steal. Not sure about the agenda of some here but most here need to do some due dillegence