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

To: A. Charles who wrote (129)	3/4/1999 8:50:00 AM
From: Albert Youssef	Read Replies (2) \| Respond to of 178

The volume in this stock isn't necessarily a weakness here because there seem to be a core of investors who do believe in SAPE. And with this volume relatively few buyers can keep the stock from venturing below a certain level. Which seems to be the case to me - when it dips into the low sixties, it always seems to hop back to about 70. I suppose some people have been making money trading this one lately. But my view on the stock is still the same, more or less. I like the company, but even at 63 the stock is still richly valued (which it deserves to be). I don't know if there will be much more downside but since the company doesn't put out press releases touting themselves daily, I could potentially see people getting bored between now and the next earnings release and the stock selling off some more. I've been generally skittish of valuations recently, though, so you have to take what I'm saying with a grain of salt. And I don't do any technical analysis whatsoever, so my views are more based on my general observations and gut feel than anything else. Having said that, I don't see upside past the mid-70s unless they crush earnings this quarter (I guess in 6 or 7 weeks) or Web stocks become frenzied again and take SAPE with them. But if techs continue to sell off, I can see the stock back around 50. It's currently priced about midway in that band but it's not screaming BUY at me right now. So I'm still waiting.