The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (31950)	9/12/1999 1:26:00 PM
From: Doug R	Read Replies (1) of 79227

Although I don't see it in the scans yet, SAVLY will likely come up on some screens. ________________________________ Aug. 31, 1999--ADC Telecommunications, Inc. (Nasdaq:ADCT, www.adc.com) and Saville Systems PLC (Nasdaq:SAVLY, www.savillesys.com) today announced that Saville's shareholders approved ADC's proposed acquisition of Saville. Pursuant to the acquisition, which is structured as a tax-free reorganization for U.S. federal income tax purposes and is intended to be accounted for as a pooling of interests, ADC will issue 0.358 of a share of its common stock for each ordinary share of Saville. ________________________________ ADCT's current price puts SAVLY at a value of 15.394 right now with their shares currently trading at 14 3/4. ADCT's chart just broke a downtrend and moved back over its 50 dMA. The scatter on ADCT is in a great position for continuation while Wart's RSI and the 3/13 CCI stuff is going bonkers. The deal is scheduled to be up for legal approval on 10/8. Lots of room for these two. And just for the record...I purchased shares of SAVLY on Friday. Doug R

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