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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: freelyhovering who wrote (10851)2/10/1998 9:02:00 AM
From: j g cordes  Read Replies (3) of 31646
 
Myron, the answer is trading versus investing. I think TPRO is a hold and accumulate stock for the long term and that it will periodically be subjected to trading events like yesterday's which is appealing to those of us who enjoy attempting to capitalize on timing. Normally a move like this would settle back to the high end of channel at 6 3/4 - 7 1/4 then rebound or fail.. For me that's a trading opportunity which I'll play. If there's substance to the Intel talk then I'd expect it to go higher. You've got money in your pocket now, you decide whether to roll again on another day up or walk away from the table... if you do then when do you re-enter the stock. Is the downside risk greater than the cost of withdrawl.

To play devil's advocate, if Intel comes out with a contrary announcement you could see a day of selling, but to counter that TPRO is backlogging a lot of solid business without Intel.

I like to withdraw short term profits from the market... but that's because I'm always looking for the next company about to make a 20% move.. up or down. I enjoy the trading even if I'm not always right (how's that for understatement).

When you decide to fold or hold, post your sell and why... OK! Someone just told me Camp is looking for a potential -200 point day today.. don't know how he arrived at that except that the market is bumping into resistance and is rolling over in the occilators.

Jim
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