TAVA Technologies (TAVA-NASDAQ) Message Board

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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Karl Drobnic who wrote (21491)	7/31/1998 6:33:00 PM
From: C.K. Houston	of 31646

< Caution. The decline looks like professional shorting to me. They are psychological terrorists. For example, three MMs align. #1 sits just below the previous day's high and absorbs all buy orders. As soon as buy arders are all filled, #2 sells stock to #3 at the bid. #3 quickly lowers the bid and sells at the lower bid to #2. Meanwhile, #1 is sitting above absorbing any real buy orders that come in. The resulting pattern is lower highs, lower lows and lower closes - a bad techical chart. Then they take some profits (covering) knowing the stock will pop up. Once up, they try to drive it down again, creating crushed hopes and a selling climax. Knowing what to watch for reduces the terror they try to engender.> TOTALLY AGREE WITH YOU. I love this company, but don't want to be part of these stock price machinations. I'm sitting on the sideline right now. Going up to the northwest for a few weeks. Maintaining position ... but NOT increasing ...yet. Will start accumulating (again). When dust settles. Cheryl

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