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

To: Raj Ramaswamy who wrote (7881)	12/25/1997 10:28:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 31646

Raj--- what I do with TPRO is not a DAY trade always. Actually, it is rare when it can be done in one day. I keep a nice chunk of TPRO that I do not touch. Depending on the drop I buy 5K or 10K to hold for 3/8 to 1/2 and bail. I am still sitting on 10 I bought at 6 1/8 to bail out of at 6 1/2. When the drop hit I bought 5 at $5.09. I dropped that at 6.5 and still hold the 10. If memory is correct bought on Friday and sold on Tues. Not a one day thing. The 10 I will drop at 6.5 or better after the first of the year. Not much down side risk and 6.5 should be easy. If it breaks out and flys I just smile. Then try to replace it at the 1st drop of 1/2, or watch for the next consistant 1/2 point range. The nice thing is the currant low price. If you buy only 1K and play for 1/2 point you still clear $500 minus fees and short term taxes - 2K makes pizza and beer money real easy. As I have faith in the upside and figure the down side is minimal TPRO is a no brainer. I have had 3 trades in 1 week and some weeks none but average 1 each week. With 5 or 10K trades and putting profits back into holding shares you would be surprised how fast it grows. The last one up nearly 1 1/2 made a good week,,, just a bonus for trying to make a few cents. Adds a little excitement as the price stays in a low range. Plus I have little faith in news (real stuff that happens) being on the wires. TPRO has a terrible record of news releases--- which keeps the price down but makes trading easy. JOHN