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


To: Rob L. who wrote (10343)2/4/1998 2:13:00 PM
From: Risky Business  Read Replies (1) | Respond to of 31646
 
Im seeing lots of 10k trades at the ask.

Go TAVA!

Regards,

Jay



To: Rob L. who wrote (10343)2/4/1998 2:17:00 PM
From: Richard S. Schoenstadt  Read Replies (2) | Respond to of 31646
 
Rob,

I agree with you in general.
However there are two points.
One is that there is a big seller who has been keeping the price down.
The other is that there is dramatically increased buying pressure.

Right now the buying pressure has finally overwhelmed the selling pressure.
However this morning and around lunch time there was a ton of buys and the price barely moved.
And the reason imo was that a 40,000 sell was sitting there soaking up all the buying.
And a similiar thing happened yesterday.

With the respect to the buying.
Imo this must be either an institution taking a position or somebody must have made a recommendation.
There have been a lot of fairly big buys all day long.
This is not traders imo.

Although they may be jumping on the bandwagon and hopefully will give us an added push.

RS



To: Rob L. who wrote (10343)2/4/1998 3:13:00 PM
From: Karl Drobnic  Read Replies (1) | Respond to of 31646
 
Supply/demand: A couple people told me Tuesday that they sold small lots at the high of the day. To sell a couple hundred shares at the high of the day indicates that supply/demand is coming into balance unless it was completely a fluke. Today's action looks more and more like demand is finally overtaking supply.