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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: reid brandon who wrote (23364)	9/22/1998 6:24:00 PM
From: AHM	Read Replies (1) of 31646

Tava's several price rises today (a great day for trading on volatility) was due primarily to institutional interest. There was a lot of favorable attention to the Y2K group at the Montgomery conference and I am aware of one large institutional purchase which was handled expertly - it never showed as such. But one only had to look at the total volume to see what was happening. Word from reliable source is that the conference call will be loaded with many pleasant surprises. This is the word that was given to institutional buyers which is why some of them developed Tava positions today. Level 2 disclosed something very interesting today. HNF, whose analyst has had nothing but positive comments about Tava, has always been way off the market with a 1 point spread between their bid and ask prices - and when the market moved towards HNF's bid/ask they moved it far enough away so they wouldn't be hit. Today for an extended period of time, HNF was the best bid for the first time I can remember.

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