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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: John Mansfield who wrote (19209)6/25/1998 3:13:00 PM
From: threadneedler  Read Replies (1) of 31646
 
General:

As per usual TAVA gives back a fair share of a nice one day pop. At this point, TAVA has a little bit for everybody. Day traders can play around with it (as one of our posters indicated he did for a quick 5%), shorts can occasionally have a little fun, and longs can remain optimistic.
I was a little surprised there weren't more institutional plays as it appeared some accumulation was taking place a couple of weeks ago. This stock is definitely adrift right now...and 'annoucements' don't appear capable of giving it a sustained push upwards.
That push will come in one or two ways. The first would be major institutional interest, which so far has not materialized from recent presentations, but still may. This would trigger the herd which would result in a nice ride. The other news that would launch TAVA revolves around earnings.
IMHO, I can't think of anything else that would alter it's current course...which is no course at all!
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