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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Mighty_Mezz who wrote (12722)3/18/1998 11:17:00 PM
From: Mighty_Mezz   of 31646
 
Still agog over today's action.

Checked out Kelsall's 144. It says he filed on 3/9 to sell 50,000 shares on 3/11 for $375,000. That's $7.50 a share, which was significanly below market on that date.

It must have been some prearranged deal.
On March 11, TAVA traded around 9, according to my chart.

TAVA will soon be at the end of a quarter, and he'd be prohibited from trading until earnings release, so the timing of the sale is normal, if he needs money for taxes, but why so far below market on the day of the sale? Why so cheap??

Any ideas??
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