SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JDN who wrote (30034)4/5/1999 4:53:00 PM
From: John Arnett  Read Replies (3) of 31646
 
JDN,

Just checked with Ameritrade and any stock dropping below $5.00 in not marginable. If true with them, probably true with other internet trading companies so Iwould expect to see pressure on TAVA unless it can recoup to $5. Maybe Capt. Jack was right in that it might touch into the 3's.

Still holding but beginning to think TAVA desparately needs to have some institutions enter their picture.

As I recall, TAVA did this once before and it could be the MM clearing out all loose stock (on margin) so they are prepared for the run to 7 as we get towards earnings. They drove it down to $3 something and within a month it was cruising past 6 into 7.

Anybody else feel this might be the present situation??
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext