TAVA Technologies (TAVA-NASDAQ) Message Board

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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: ROBERT H RICHMOND who wrote (15917)	5/4/1998 7:30:00 PM
From: Hawkmoon	Read Replies (1) of 31646

Robert, Actually, given TAVA's past history of trading (ex: $11 to $12), having a large bid size on average but little movement might be construed as bullish. We have seen several instances were TAVA has been manipulated for the purpose of accumulation. I suspect that the accumulators are shorting TAVA when it goes to $13, applying selling pressure and then covering their short positions at the limit price they were targeting. It not fun and it makes some folks nervous, but it DOES solidify support at this level and set the stage for a larger move up (hopefully around the earnings release and CC). The only thing that frightens me at the moment is an Asian meltdown and I watch the Nikkei very closely as well as S.Korea. Regards, Ron

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