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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Tim J. Flick who wrote (17229)	5/19/1998 11:14:00 PM
From: Karl Drobnic	Read Replies (2) of 31646

TAVA has made two distinct "runs". The first was from $1.50 to $7.63, for a gain of $6.13. It then corrected a Dec. low close of $4.94, giving back 44% of the first run. The second "run" starts off the Feb. close at $5.25 and continues to $14.88, a gain of $9.63. If we give back 44% of the gain, we give back $4.24, so subtracting that from $14.88 brings us to $10.63, closing basis. So far, Tava is repeating itself. My rule of thumb is to expect small caps to give back 40% of runs. If they give back more, examine the story and make a decision. That's what I did last night. I continued to add to my Tava position today.

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