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Technology Stocks : Saville Systems (SAVLY)

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To: Robert Ling who wrote (138)7/29/1998 10:45:00 PM
From: THMichael  Read Replies (1) of 261
 
What happened to this stock seems to be very similar to what happen to ADCT a few months ago. ADCT disappointed on earning, just slightly, and was looking for near term problems because of the consolidation of the telecom companies. However everything else looked good. The market cut more than 50%, in one day to two days, off the price. There was no rational reason for it. Since that time ADCT has recovered significantly. They still aren't at the old highs but have made an handsome profit for the people that got in near the bottom.

At first glance this stock seems to be the victim of that same consolidation and irrational hysteria. Because of this I'll watch it tomorrow and see if it dips any low, if it does I'm in for hopefully a nice profit when the sanity returns.

Just an opinion.
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