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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Frank Brisebois who wrote (13225)3/24/1998 4:12:00 PM
From: Rob L.  Read Replies (2) of 31646
 
MM is having fits with this one. He has lost control of the stock. He is unable to shake anyone out by bringing the stock down to build his inventory. There are no sellers folks so the stock just keeps going up. This is a classic case of all buyers and no sellers. Everytime the MM tries to drop the stock it bounces right back. he can't drop it more than 1/4 to 3/8 without significant buying pressure coming in. That means if you are thinking of buying you won't get much opportunity of buying on a dip in here.

13 is not necessarily resistance any more than 12 or 11 or 14. Anytime you hit a new high there is always going to be resistance. TAVA just keeps breaking the resistance. Somebody is accumulating this thing thinking of bigger and better things for this company.

of course this is all JMHO.

Good Luck and Go TAVAAAAAAA!!
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