A classic case of jitters
Even as the stock market edged downward this year, one stock shot up sensationally. Between January and mid-September, the shares of a little-known company called Savin Business Machines Corp., of Valhalla, N.Y., increased 158% in value on the New York Stock Exchange, reaching a high of $50. Suddenly Savin's stock collapsed; by the middle of last week its price had been cut nearly in half, to $27.25, and a modest rally brought it back only to $28 Friday. The drop was a classic case of how jittery stock traders...
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