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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: CalculatedRisk who wrote (21169)7/27/1998 5:37:00 PM
From: Too Wise  Read Replies (1) of 31646
 
<<TAVA hopes to do $25M in Y2K per quarter ... if they can find adequate staff. If you are generous and use 8 quarters: 8 X $25M = $200M in Y2K revenue, or a small fraction of the revenue required to justify their market cap.

This is why the stock price is falling and will continue to fall over the next year.
Regards, Bill>>>>

Oh, and the street is just catching onto this now...lol

Why then did tava move from $2 to almost $15? I know, people are just now starting to do the math?? Unfortunately stocks do not always trade at an ideal valuation. Y2K stocks are out of favor now but I'm sure within the next 6-8 mo. they will be back in favor. I believe this stock will run up again before it settles down to a realistic level. What I don't understand is at these levels, why aren't the shorts covering? Do you really think that when Tava reports very strong earnings over the next few Qtr's, the stock won't rise. Tava has not reached its peak yet and when it does, I would think at that time, tava would make an opportune short candidate .
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