TAVA Technologies (TAVA-NASDAQ) Message Board

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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: ayahuasca who wrote (20195)	7/8/1998 10:24:00 AM
From: Richard S. Schoenstadt	Read Replies (4) of 31646

Mark, In a word traders. It was mostly traders who got in yesterday and drove the stock up and when they saw the weakness at the open today they got out. Slowly at first then quickly. And likewise I suspect that shorts when they saw weakness jumped on it and created additional selling pressure. In my opinion it is very unlikely that we will close above 10. Why would a trader buy the stock at 10 this afternoon when there was no follow through interest this morning? Also traders who got caught will likely be selling an rallies and shorts will shorting into the rally. As as a result I think it is very likely we will see the 8's again sometime soon unless some institutional buying comes to the rescue. RS

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