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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Tim J. Flick who wrote (21070)7/24/1998 10:37:00 PM
From: Olu Emuleomo  Read Replies (2) of 31646
 
I was a very short term investor in Tava today having purchased some $8 1/8 and
$8 stock only to be stopped out 5 minutes later at 7 3/4. Stock tumbled as many
stops were elected and panic set in. I was frankly surprised that it was able to close
at $7 3/4.


Tim,

I see you are a pro. That stop loss was wise. I expect TAVA to open up and trade to about 8 3/8 or so on monday; where I will proceed to SHORT it. Take a look at the 250 day chart at moneynet.com and you will see that it is quite safe to short TAVA now. The stock has broken down and the bottom may even be as low as $3 although I expect $5.

--Olu E.
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