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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: C.K. Houston who wrote (8023)12/30/1997 10:34:00 AM
From: Norman Stone  Read Replies (3) of 31646
 
The scarecrow fulfills an important function. Better to scare off skittish investors during the early stages of a rally, than to have them all jump ship like lemmings at the first sign of a dip. TPRO has hung tough in the last month because all the scaredy-cats are gone, and I, for one, have not missed their presence.

Overinflated rallies are the MM playground. By raising expectations, they push the ask unrealistically high, but only long enough for the savvy MM to unload more quickly at the "real ask" and walk away, laughing, to the bank.

Slow and steady wins the race...

There is a definite shift in the wind -- stronger volume and unwavering price levels -- over the last two days, on no news. Any ideas? My theory: year-end shifting portfolios are looking for a Y2K "insurance" play.
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