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Sapient Corp. Message Board

  • aclaremont aclaremont Apr 23, 1998 2:50 PM Flag


    WHY has Sapient dropped today?

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    • I wouldn't worry about it. It will be back up in no time. It's a very resilient stock which just had a good earnings report. Everything has had such a steep run-up in such a short amount of time, we were due for a little consolidation.

    • I wonder too, were earnings that disappointing?
      The growth rate of earnings has slowed, .12 to .14 to .16. It's still 2 cents, but each time the % is less.

      A lot of large holders (mutuals) are getting scared of techs these days. It's the large block trades (10,000, 20,000 shares) that cause SAPE to drop. It always drops a point or two on large trades. There were 3 such trades today...

      I think it will hold steady for 7-10 days and finally climb again when techs are back in good light.

      Still, SAPE weathers bad market news pretty well.. makes me wonder why those funds would get out, especially since SAPE has doubled in price since November...