Starwalt --- I see nothing looming. Looking and hoping for double digits again,,, soon would be nice. Fridays volume is a nicer indicator to me than the price. The price sucks big time. One of the reasons for that is the mkt is down overall. That alone would have TAVA in the 7 1/2 range from about 9 where all this mess started. Another factor is the Y2K sector has done poorly... even those with very good earnings! It is the times, mkt, and world events. Y2K is a one shot deal and no matter how many customers you have the earnings will not be there in 2002 as the work will not be there. World events/economies are already having an effect on our economy and it will get worse before better so what is any company going to purchase other than required services--- nothing for awhile. Do I see TAVA going to $4,,, no! Has the % of the possibility risen,, yes! Not that long ago it was 14 look at the % drop if you bought at (heaven forbid) there and held! The 5 1/2 to 7 range was very strong for the company in the past,, I, incorrectly it seems, thought 8 became the floor---- possibly this is the value of the stock as the mkt has brought it back and only the co and mgmt can raise it again unless the mkt believes it is worth more. Do you believe YHOO is worth it's price? I would not buy it at 50 but traded it in the 190 range--- we best be looking at this being the current value until earnings etc show the mkt it is worth more... The volume on Friday indicated 5 1/2 is way undervalued. If we see even small increases on big volume and any drops on low volume it may be we just saw one of the last buying ops for 6 - 12 months. Hopefully then it is in the mid 20s and we can short it back to 9! I think the biggset question is why is it below 10 that is nearly a 50% drop from the high --- only JJ can answer that! Those that say it can only happen to ZITL are wrong! It can happen to any company. At these levels ZITL is no worse a gamble than TAVA. One rule of the mkt says you can lose money on a great co and make a ton on very poor co. No one buys stock to lose on but it happens every day. Those that believe because this may be a great co with a great service will hold forever and may be winners but could possibly be losers. Is it better than GE,, hell no! It is a bigger gamble than GE but the bigger the risk the bigger the gains is what we hope for BUT it also could mean the bigger the losses too. Don't marry any stock,, especially a small - mid cap in the tech sector as there is a ton of volatility and changes happen so quickly they can become obsolete in moments.
John |
