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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Tim J. Flick who wrote (28755)2/23/1999 9:53:00 PM
From: Karl Drobnic  Read Replies (3) of 31646
 
Lending weight to Tim's comment that shorts were caught napping was the sudden activity in the March $7.50 calls today. These would have been a relatively cheap way for napping shorts to limit their exposure while waiting to see how the USPS news plays out. It might also be a clue as to where shorts will seek to draw a line in the sand and attempt to defend their turf. If there is a lot of 1/32 and 1/64 action approaching $7.50, and we go through on good volume, it would be a good indication that the short-sellers will step aside, freeing TAVA for the run to $10 that Tim indicates.
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