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Technology Stocks : Trading TAVA
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To: Tim J. Flick who wrote (487)6/26/1998 8:30:00 AM
From: Hawkmoon  Read Replies (1) of 655
 
Tim,

I agree completely. I'm seeing the same thing with ECGOF. Think volume makes these stocks easily manipulated. Everytime ECGOF gets around $7/share, the ask increases tremendously. But I also believe that we could be seeing sizeable limit orders being filled around a tight trading range. And institutions have increased their ownership of TAVA.

Not trying to hype ECGOF, but rather I see parallels. Both companies have disappointed the "street" expectations with regard to earnings. Yet both have fast growth rates in revenues and earnings.

Both will require earnings reports to support monster buyers coming back into them, or possibly favorable upgrades by the few Analysts that cover each respective company.

Thanks god that ECGOF has earnings out on July 6th. Hoping to make a little profit there (knock on wood), and then take some chips off the table and put them back into TAVA when we see the upward trend reassert itself.

Regards,

Ron
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