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Technology Stocks : Saville Systems (SAVLY)
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To: B Hewson who wrote (121)6/10/1998 9:05:00 AM
From: Phil Jacobson  Read Replies (1) of 261
 
Barbara,

Well, whatever price you bought it, at least your shares are worth more now than they were a couple days ago (pheww..) This stock has taught me a lot. It was one of the first I bought when learning the stock market and so, I actually paid attention and did a lot of due diligence (was easier when I didn't have too many positions). That strengthed my conviction to get through the large dips and turn them into buying opportunities (Clint's done even better at that). When the market was moving fast a few months ago I then bought a lot of stocks without the necessary DD and I fear if I picked up SAVLY at that point I would have dumped it by now.

We'll be back in the 50's soon enough...will be rockier than the last time though as there is probably a lot of resistance on the way up, especially at 47+.

Phil
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