TAVA Technologies (TAVA-NASDAQ) Message Board

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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: absol who wrote (14982)	4/17/1998 3:47:00 PM
From: Norman Stone	Read Replies (2) of 31646

Anantha, TAVA was just about to test support at 12 when this announcement came out. It may not hold above 13 yet, but may gap up over weekend after the armchair boys calculate the potential implied in the latest press release. (Profit taking today didn't dent 13 1/8, but they were sitting on 13 7/16 BIG TIME). I feel that a couple of announcements like this are already built into the price at this level. So I think it needs one more bombshell to secure support above 13. BUT earnings announcement (~May 15) should be preceded by some fairly interesting speculative fireworks, and we may flirt with 16 in the days prior. Then we will all hold our breath ... -- MOO (my opinion only)

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