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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: JDN who wrote (21524)8/3/1998 7:33:00 PM
From: Captain Jack  Read Replies (1) of 31646
 
JDN--- It sure is down from where I started accumulaing this time! My 1st 12.5K shares were under under $3. They could only go up from there. Yes the upside is greater than the downside IMO but feel the 1st of this buy @ 8 3/4 may be a loss. Then it seemed the co could go farther than it did and now it seems it may never break the old highs. There was momentum then too. The shorts are not helping in anyway but they are not to blame, at 12+++ it was overvalued and still ran too far too fast. There never was a short that did not pay attention to that kind of a run (shorts got creamed with the likes of YHOO though). They are still careful with companies with strong mgmt that cares about shareholder equity as that kind of mgmt can assist a squeeze getting started and/or being sustained... one thing they do not have to worry about with this team. The mkt overall is on a downward trend. What do you call a mkt that has seen the drop in valuation as we have seen on the DOW/NAS & R-2000--- if not a bear what? Many issues of strong, well known companies are off 20% or more with no fundamental changes and strong (so far) earnings. Mergers often cause shares being required to be turned in... when that happens those short,,,shit!

Hoping

jr
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