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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Rob L. who wrote (10343)2/4/1998 2:17:00 PM
From: Richard S. Schoenstadt  Read Replies (2) of 31646
 
Rob,

I agree with you in general.
However there are two points.
One is that there is a big seller who has been keeping the price down.
The other is that there is dramatically increased buying pressure.

Right now the buying pressure has finally overwhelmed the selling pressure.
However this morning and around lunch time there was a ton of buys and the price barely moved.
And the reason imo was that a 40,000 sell was sitting there soaking up all the buying.
And a similiar thing happened yesterday.

With the respect to the buying.
Imo this must be either an institution taking a position or somebody must have made a recommendation.
There have been a lot of fairly big buys all day long.
This is not traders imo.

Although they may be jumping on the bandwagon and hopefully will give us an added push.

RS
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