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

To: kfdkfd who wrote (10485)	2/5/1998 7:07:00 PM
From: Karl Drobnic	Read Replies (3) \| Respond to of 31646

If there were real buyers at these levels, then good riddance to the large seller. The rock solid resistance at $6.75 indicates that it is either one huge long position overhanging the market, or it is coordinated short selling. If it is short-selling, the CEO should come out with something besides the tepid Press Release we had today. TAVA has real news, and if Jenkins decrees it, it is good enough to blow out $6.75 short-sellers. This is TAVA's year, and the climate is right for real news now.

To: kfdkfd who wrote (10485)	2/5/1998 7:50:00 PM
From: Zebra 365	Read Replies (3) \| Respond to of 31646

Yes, there was a large block sale sitting at 6 3/4 today. Kevin your speculation was close to target. <<Whoever is selling into this rally appears to be selling a large position of the stock. I'm assuming its a big holder of the stock who wants out. Are you aware of any large holders of TPRO stock with positions of over 1 million shares? >> Or perhaps a holder who has a lock-up period ending on February 7th, and wanted to sell some during this period before the window of opportunity had passed........ie. since it is an aggregate lock-up they may be trying to beat each other to the sale From the October 17th S-3 filing: edgar.whowhere.com Renaissance Capital Group, Inc. 1,343,301 7.46% 4) Includes Shares subject to a lock-up agreement with Renaissance and Bathgate McColley Capital Group LLC whereby the holders have agreed that without prior consent they will sell no more than 22% of the shares issued in the ACT merger prior to February 7, 1998, and no more than 25% of those shares prior to February 7, 1999. In the event other shareholders subject to this lock-up agreement sell less than 25% of their Shares during such period, other shareholders may sell more than 25% so long as the aggregate number of Shares sold by the group does not exceed 25%. So relax, this selling was likely triggered by the calendar, and less likely by a large holder who has a negative view of the company's future. If it was Ren-Cap or another VC subject to the lock-up provision, remember, they are in business to loan money, and they convert shares to cash as soon as it is reasonable so they can do financing deals with other companies. Zebra