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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Hawkmoon who wrote (14350)4/7/1998 3:26:00 PM
From: Joseph J. Valenzuela  Read Replies (2) of 31646
 
Take a look at the 30 minute chart on TAVA:

iqc.com.

VERY BULLISH formation displaying the "pinch" in the Bollinger Bands indicating a major move to one side or another(I think upward)

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Let me preface my question by saying that I don't know much about technical analysis. But, why is that "pinch" in the Bollinger Bands "VERY BULLISH", especially if you said that it can indicate a major move to one side or another. From my read of the chart, it looks as though that there was another "pinch" in the Bollinger Bands at the last time we saw $13. Does the read have something to do with the slope of the pinch?

Anyway, the TAVA story hasn't changed. I averaged up my position again today at $10 7/8. I'm certainly not bottoming fishing here; just accumulating whenever I have some cash (not margin). The last time I thought this stock suffered a serious technical breakdown was when I sold out of 25% of my core position at $4 15/16--right before the BMY announcement.

I still sleep very well at night. I have no margin pressures. And I have a plan to stick it to the man.

There is still uncertainty on the Street about the scope of the Y2K problem. This perceived risk is holding down TAVA. We've all done our DD. When it becomes apparent to Wall Street that there is money to be made in the assessment/remediation of the embedded systems on the factory floor, do you want to be long or short?

That is the question.

Best regards,
Joe
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