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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Karl Drobnic who wrote (27972)	2/12/1999 6:35:00 PM
From: Hawkmoon	Read Replies (2) of 31646

Tava's "demise": TAVA is not alone. On May 1, 1998, the Russell 2000 was at 492. Today it's 406. On Jan. 8, 1999, RUT was at 431. BINGO!!! I have been very nervous about the overall market psychology the past two weeks. The A/D line on the major indices look miserable and the RUT has indicated that we're in store for another market correction. They took DELL to the woodshed today and regardless of earnings on Tuesday, I would reckon it will continue to sell off. Personally, I think we're heading back to Dow 8,500 for some consolidation and maybe another attempt at 10,000 before July/August. Then I see growing psychological nervousness over Y2K and the normal Autumn sell-off of all stocks as mutual fund managers lock in their annual profits/bonuses. But of course, anything can and probably will happen in between to screw up that scenario. Brazil and Japan will continue to put pressure on the market. What's your view? (Btw, still bullish that TAVA and other Y2K companies will find some attention later this years as some of the few companies that will have reasonable guarantees of continuing work through 2000 and beyond (all at the expense of their clientele). Regards, Ron

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