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Technology Stocks : Sapient (SAPE) -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (82)	10/7/1998 1:00:00 AM
From: mchip	Read Replies (1) \| Respond to of 178

<< you are right. But a comment from a hedge fund friend who look at this puppy by loading all the numbers in excel and looking at growth rates, etc. for several years was: "the numbers look to perfect real businesses show much more variability in their results". IMO part of what is going on in here is that investors are learning to give more attention to the CF statement. >> SAPE has only been public since April 1996. The growth rate has been sustained, (perhaps with some aggressive accounting in slow quarters), But sustained and proven. I think the recent drop (or plunge!) is due to the market in general and an analyst or so over concerned with the accounting (CF statement), and problems in their market sector. Volatility now is large at average volume. The next report will be interesting, as will the price fluctuation between now and then. Historically SAPE has traded up before earnings, and then sells of a bit (understandable due to speculation, blackout and large insider holdings). This quarter is different, it's already down. I'm tempted to make a "crystal ball" prediction as to what I think will happen, but I will not!