Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Childs who wrote (6819)	12/4/1997 10:09:00 AM
From: richard p. martino	Read Replies (1) \| Respond to of 31646

Steve, We seem to be in a classic symmetrical triangle formation right now. This is characterized by lower highs and higher lows through time and diminishing volume. If you look at a chart, you will see the prices converging towards the apex of the triangle. Basically, tpro is consolidating (or basing) right now. It means there aren't many buyers or sellers at this price. Those who got in lower have either sold for their profit or are waiting for a bigger move. Those who are in at 6 1/2 or higher don't see a lot of reason to sell for a loss right now. Everyone is probably waiting for (take your pick) NMS, contract announcements, etc. This is a bullish indicator when it occurs during an uptrend, not normally a reversal. We are getting pretty close to the apex of the triangle. We should expect a breakout (on high volume) soon (probably in conjunction with NMS or some other positive announcement). Don't be too surprised if it first drops a bit. I still think we will test the high sometime in Dec (JMHO). rpm