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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (6361)	11/21/1997 7:50:00 AM
From: Rob L.	Read Replies (1) \| Respond to of 31646

1 million shares for the private placement wil surely drive the price of this stock down. The market in this stock is not big enough to absorb 1 million shares all at once. However, keep in mind that we are in the middle of the warrant redemption count and I do not think the company would be too keen on resetting the count once again. I look for the stock to remain (close) above the 6 3/8 bid price. There is a lot of resistance at 6 3/4, no doubt about it. Every time it hits that level, ask size balloons up. That's the problem with these small cap nasdaq stocks, they are too easy to manipulate. Likewise, there appears to be strong support at the 6.5 range and when it hits that price, the bid size balloons up. If price breaks below 6 3/8, it could be a sign that MM is willing to take it to considerably lower levels to price the placement. Long term fundamentals are unchanged and CC reiterated that everything looks good. I would not lose sleep over a drop to the 6 level.