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

To: mmeggs who wrote (92)	10/25/1998 1:56:00 AM
From: mchip	Respond to of 178

I know you were serious mmeggs, so was Pancho. There has been a great sharing of thoughts and knowledge here, and the little 'pee' breaks have been small. Unlike many threads I think we are all learning from each other... yes I mean shorts and longs in a civil discussion! I hope this continues! Time will tell... but as someone, who shorts as much as I long, I'm receptive to good arguments. SAPE is/and will be a long for me. I admit I doubled/tripled in the high 30's... I also added in the mid 20's. I was hoping for a better report. Sape continued the run-up to earnings/sell-off after trading style… the price depression before was new. I also sold about half after the earnings. Long term(years) I think SAPE will soar… (and offers some good short term trading possibilities) I'm waiting to see the 10Q. If the 10Q shows nothing unusual I think it will hang around 40. If it's bad It will hang around 30. Lots of volatility though. Another run-up before next earnings I expect…

To: mmeggs who wrote (92)	10/25/1998 7:54:00 AM
From: Pancho Villa	Respond to of 178

Thanks.

To: mmeggs who wrote (92)	10/26/1998 9:17:00 AM
From: jas cooper	Read Replies (1) \| Respond to of 178

It's swell that folks can disagree, and still accept the possibility of a conflicting result. I am out of SAPE (at least for a few minutes). Not because I think it will falter, but solely due to its P/E. Lately the market has been very concerned about high P/E companies, and for no acceptable reason has adjusted stock prices to adjust the P/E. I bought my shares at 32 and promptly saw them drop to 27 and rebound the same day. Selling last week, I may not have gotten the peak price for the quarter, and I won't wait for 24 to get back in. But in between there, there seems to be a lot of room to play, while the market regains confidence in high growth opportunities. SAPE is a great company, with a bright future. Its stock price may not always reflect this (or tend to overstate it). Having said this, SAPE will probably shift to a new price range, teens to low twenties, or back to the upper forties, low fifites. james