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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: John Hanzl who wrote (10347)2/4/1998 3:00:00 PM
From: Norman Stone  Read Replies (1) of 31646
 
If you look at the August -> mid-Oct volume, you will see a lot of volume at sub 6 levels that has never been "answered". Some percentage of this volume is probably happy to get out with a profit and watch from the sidelines for a while.

LOTS of new money is coming in, and you know the MM vultures are licking their chops. How much of this money will stick around through the bad news?

TPRO has very hard ceilings at 6 1/2, 6 3/4, 7, etc. There is still plenty of time to scope out the new kid on the block, before (and if) it enjoys the karma-free flight of new highs.

On a more positive though somewhat off-topic note, did anyone see Tony Brown's Journal? A NJ company is enlisting an army of "paratechnicals" from the underemployed ranks of the non-technical work force, to examine COBOL code. There were some hints that they were looking for gov't backing -- call it RCIF ("Reading COBOL Is Fundamental")

The tone of the program was alarmist (Yeah!)
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