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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Alastair McIntosh who wrote (19419)6/26/1998 6:04:00 PM
From: C.K. Houston   of 31646
 
<If TAVA gaps up on the open Monday and then falls back below todays close, a short trade at that time is free money! Also, shorting a company's stock just as the CEO appears on CNBC is often profitable.>

TOTALLY AGREE WITH YOU. I have often referred to it on SI as "buying into an event".

ALL:

Longs or "newbie" short-term traders need to recognize that this happens across the board ... with almost EVERY stock.

So ... be prepared. Generally in a situation like this, price will escalate rapidly short-term, and pull-back. Usually higher than previous weeks' high range. I don't expect TAVA to continue to escalate purely because of CNBC story. Could happen. But rare, based on patterns with other stocks. However, I do expect a new, higher base.

I don't expect pull back below 10 again ... increased Y2K (general & "embedded systems") awareness and visibility in media ... broadcast awareness with TAVA ... increased institutional holdings ... should guarantee this. But alas, with market (and machinations which we're all learning about), there are NO guarantees.

I don't make public pronouncements about TAVA stock price. I continue to be a long-term holder ... basically a happy pup ... except when a pack of rabid mongrels come into the territory and get into a p*ssing match.

Doesn't make me doubt the company nor myself ... but creates a lot of negativity that I hate to see and have to deal with. People who have been around have seen this before, "newbies" haven't.

Cheryl
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