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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Stuart Schreiber who wrote (17543)5/23/1998 7:55:00 AM
From: Manfred  Read Replies (1) of 31646
 
"This is my perspective of the last two weeks and the drop in stock price.
1) Earnings were a disappointment resulting in selling
2) The CC was a disappointment resulting in selling
3) A large institution pulled out resulting in substantial selling
4) Because of #'s 1,2 & 3, many had margin calls or were stopped out.
5) The usual market psychology resulted in further selling"

I don't know if a large institution pulled out (if so, I would like to know why since they are usually in for the long term.

You forgot, imho, the most important point: short selling. TAVA is the victim of a big short attack imho.

Besides, I agree that TAVA must be much more aggressive. WHy don't they demonstrate to the press to what a failure of an embedded chip can lead?

Manfred

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