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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Richard S. Schoenstadt who wrote (20200)7/8/1998 10:43:00 AM
From: Bald Man from Mars  Read Replies (2) of 31646
 
I am not so sure I agree with you.

Yesterday's volume is 2,134 K and most of the volume
came in after the news release ...
Today it traded 213 K about 1/10 of yesterday's volume,
to me which means a lot of the volume yesterday is due
to short covering and institutional buying.
But since the short interest is not that high, I have a
feeling that there are already institutional buying
going on, and the selling today are the trader who
jumped in yesterday and hope that it will gap open today.

The fact that it did not gap up today by the MM only
means they do not want the public to buy at this level,
so what level do you think they want the public to come in,
of course, at a much higher level ...

Very comfortable with today's action...
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