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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Stuart Schreiber who wrote (15536)4/27/1998 11:11:00 PM
From: Hawkmoon  Read Replies (3) of 31646
 
Stuart,

Your absolutely correct... TAVA is a defensive stock. But in the initial blood-bath, even the innocents get knicked and scuffed up a little bit. Of course, I have to say that I cashed out of TAVA last week in anticipation of a market slide to 8,000-8,500 on the Dow and am actively looking for a new entry point later on.

However, those companies with greatest potential for future earnings growth/surprises will be the first to recover and that is the promise that TAVA holds as the Big Caps begin dealing with new problems in Asia, and Y2K disclosures finally hitting home.

Its a crap shoot, but I don't see significant upside while buying sympathy is sluggish and I see some short-term downside and testing of support in the $11-12 range.

Still betting TAVA will be $30-40 by December but the road may be strewn with a few potholes along the way.

Regards,

Ron
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