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

To: Jack Zahran who wrote (9731)	1/28/1998 10:06:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 31646

Jack--- No I am not short. I am very long. The 6 1/2 is where I want to exit if it comes soon. If it takes beyond 2/15/98 I will go at market unless there is real hope. It will be there but I am bored with the inactivity and down trend of this issue. I really do not like to short and rarely do,,, but this has been a great candidate. I have always been long as TPRO should have seen double digits by Oct/Nov '97. It is getting a rep as a $5 issue and that will be hard to break. With no vol/interst at 6 3/4 - 7 it will be a hell of a short position. There are too many shares and too many investors that will buy today and be excited at 1 point. It takes little $$ to buy 10K shares today. To dump in a week or month with a 1 point gain---especially on any down tick as everyone is aware how low it can go and how long it can stay down. It is a traders dream,,,both long and short. BUT I am 100% long,,, for now- and decreasing my holdings as I am not certain it will not go below 5. If it does I will run for the exit as Y2K will be history before it gets up again and they will have little left. They must have news Thurs... there is too much they should have wrapped up. Time is running out on companies getting compliant but is also running out on late Y2K bloomers also. In 18 months I will give you a list of short candidates. And I own many of them right now as a long position. John

To: Jack Zahran who wrote (9731)	1/28/1998 10:42:00 PM
From: Jack Zahran	Read Replies (1) \| Respond to of 31646

John, Thanks for your reply. I only daytrade TPRO after it starts approaching 5, because characteristically it will go up to 6. The pattern of this stock has been to shoot up whenever it achieves those levels. Your earlier posts seem to indicate that a person should get out of TPRO if it sinks below 5. You also state that they should get out at 6 1/2. So you see why I was lead to believe that you were a short. 6 1/2 seems to be the break-out number, so the shorts would get killed. If the stock drops below 5 and investors get scared out, then the shorts will profit big time. So you see why I thought you were short. Your recommendations seem to favor a short position. The last time TPRO dropped below 5, those who bought in the 4's made a killing the next day as the BMY contract was announced. Now we have two additional pieces of good news, the Dreyfus stake and another month of declining short interest, with the decline accelerating. The people who are pro's at determining good short candidates are closing their short positions. This is a time to buy, not sell. Since you are long, why don't you start posting your reasons for being long. I know you don't care about the TPRO money anymore, but since you are long you must have your reasons. JZ