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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Raj Ramaswamy who wrote (6152)11/17/1997 2:24:00 PM
From: Jack Zahran  Read Replies (1) of 31646
 
Raj,

I think that we can't under-estimate the ability of the MM's who have a short interest in the stock to keep it down. It will take the MM's a couple of days to cover their shorts and reverse their position before they let this baby loose. I believe on Wednesday you should see this thing break 7 and keep on moving. Within two weeks it should be marginable and then TPRO will have entered a whole new league.

What are the chances that we will see the 5's again, very slim (although anything is possible). I think it will be difficult to get TPRO below 6 1/2. If it pulls back temporarily, the MM's are going to grab what they can get. This stock will not perform "normally", it will shoot up really fast, but only after the MM's have covered themselves. We can only wish to have that kind of control when we are short!

JZ
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