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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: ElGator who wrote (17204)5/19/1998 10:20:00 PM
From: Tim J. Flick  Read Replies (3) of 31646
 
Large seller had unfinished business into the afternoon.
However, as we got closer the the close he acted like he was through for the day. I do not want see the stock trade below 10 1/2 tomorrow. That was the low for the day and represents good support. My best guess is that it bottomed today @ 10 1/2, if we hold that tomorrow, then I see back up to the 11 1/4 11 1/2 area right away. Someone big has decided to nail down profits in Tava for whatever reason, and as I have said all along that in small cap stocks this is the risk that you assume in owning them. This game is not a one way street, thus the reason I became a trader years ago. These stock can have 30% taken out of them in a few days and continue to caution everyone when the thread gets wild eyed and overly bullish. Hell I had people e-mailing me expecting the stock to trade at $20 after the earnings and CC.
The Tava story has not been fully told as of yet. It will bask in the sun again... but first it must shake out the shoe clerks. Was a buyer today from 11 down. Crossing my fingers that I am close enough for government work.
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