Saville Systems (SAVLY) Message Board

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Technology Stocks : Saville Systems (SAVLY)

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To: Clint E. who wrote (100)	5/23/1998 4:18:00 PM
From: Phil Jacobson	Read Replies (3) of 261

Hi Clint, Yeah, I'm still in. Totally didn't expect this but should have seen it coming when it sank to $43 after the initial tanking to $46. SAVLY usually tanks a few bucks on occasion, but not in several steps like that. Now we've got a 3 step plunge from 50, and a 4 step plunge from mid-50s. Software got absolutely hammered last week, SAVLY wasn't alone. Network security stocks like NETA and SYMC got nailed (could be good buys right now). I'm holding. Can't see anything that's changed fundamentally in the company. Will probably buy a fairly large amount next week, then dump it at $43 or so in case we're in for a further correction. I'm not worried about the long term but I am pretty bummed about my current position. I bought enough in the mid 40s that overall I'm actually below water on this stock, not a position I'm happy about. Phil

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