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Strategies & Market Trends : Three Amigos Stock Thread

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To: James Strauss who wrote (7359)	7/31/1998 5:31:00 PM
From: Jonathan M. Morris	Read Replies (1) of 29382

It may have been "change in momentum" but one day does not constitute "positive momentum." It's a "reversal"....and until there is some sort of follow-through next week, it's nothing more than that. Calling TAVA a stock with positive momentum right now is absurd. In addition, if you're willing to bet that Vanguard Capital presently owns that 87,800 share position, that's a bet I'll take. When a stock drops over 60% like TAVA has recently, it's not little guys like you selling...it's institutions blowing it out at any price possible. I think you need to temper your enthusiasm with a dose of reality.

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