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

To: TokyoMex who wrote (10525)	2/6/1998 12:28:00 PM
From: Karl Drobnic	Read Replies (1) \| Respond to of 31646

The long position being liquidated that Skipard speaks of appears to be the ProBridge Futures conversion of their warrants. They converted approximately 800,000 warrants (I'm told) to shares. You may recall that TPRO even had to pay them penalty warrants for not getting a registration done fast enough. This is okay with me. It is getting a source of cheap shares out of the way. Those cheap shares are now $6+ shares. Another source of the selling was a group that bought a lot of shares in the $5's with a trading target. Again, normal market dynamics. I didn't hear of the lock up shares being involved in yesterday's selling, and I didn't hear of a concentrated short-selling effort.