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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: jan m. who wrote (7370)12/16/1997 8:53:00 PM
From: Tim J. Flick  Read Replies (2) of 31646
 
Jan... Renn is merely dressing up their books for yearend. There is obvious supply in the market and the players have smelled it for a few weeks. I am trying to get a handle on how many shares Renn has to go to get cleaned up. My guess is that if they have as many shares for sale as it appears, I look for lower prices. However, back the truck up on the last two days of the month. If they still have a position they will get agressive with their selling to close out the year and a great opportunity will present itself maybe under $5.00. Again, just a potential outcome. No problem on stock runup with the number of shares out. If the right people find this story 40 million shares would not matter. Good Luck!!
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