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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: JDN who wrote (7313)12/16/1997 9:10:00 AM
From: Rob L.  Read Replies (3) of 31646
 
JDN, I'm not short TPRO. I am long at 6.5. TPRO did not go up when tech stocks rallied nor did it go down. The correlation is very low between Nasdaq movement and TPRO movement so blaming it on tech stocks is a poor assumption. In fact, some Y2K stock have been holding up very well and are even up over the same period TPRO is down, including CHRZ and IMRS. Granted, these are somewhat different than TPRO, but they are considered in the same general sector.

TPRO is down 15% in the last month or so from 6.75 to 5.75, that's a big drop. However, I'm not saying it's the end of the world for TPRO just stating the facts as they are. Those that got in very early are doing just fine, but those that arrived a little late to the party, including myself, have received no benefit as yet. I will cut my losses when the stock falls to 80% of my purchase price. I refuse to become emotionally attached to this or any other stock.

Rob
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