Cover All May Be Set To RecoverBy
Cover-All Technologies (COVR) is a onetime highflier that probably gave nightmares to people who bought its shares when they were at 7 in May, 1996. By Aug. 1 of that year, the stock had fallen to 2 7/8--after losing a big potential customer for its insurance software product. The stock continued to slide, hitting 1 1/4 on May 19, 1997. It has since rebounded, to 4 1/8 by Nov. 4. Some investors believe Cover-All is on its way up. What's the scoop?
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