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


To: freelyhovering who wrote (10851)2/9/1998 11:49:00 PM
From: Money Mood  Read Replies (1) | Respond to of 31646
 
Myron,

Tough question. I've been in TPRO since July, but ... foolishly sold my TPROW (~25% of my whole position) on Friday and missed the runup with this 25%. Now pondering the way to get it back. If buying tomorrow I'd jump in at around 10 AM. How far this rally will go - is a good question I'd ask you as I know you are a strong TA professional from "56" thread. Where is the IL line?

Viktor.



To: freelyhovering who wrote (10851)2/10/1998 9:02:00 AM
From: j g cordes  Read Replies (3) | Respond to of 31646
 
Myron, the answer is trading versus investing. I think TPRO is a hold and accumulate stock for the long term and that it will periodically be subjected to trading events like yesterday's which is appealing to those of us who enjoy attempting to capitalize on timing. Normally a move like this would settle back to the high end of channel at 6 3/4 - 7 1/4 then rebound or fail.. For me that's a trading opportunity which I'll play. If there's substance to the Intel talk then I'd expect it to go higher. You've got money in your pocket now, you decide whether to roll again on another day up or walk away from the table... if you do then when do you re-enter the stock. Is the downside risk greater than the cost of withdrawl.

To play devil's advocate, if Intel comes out with a contrary announcement you could see a day of selling, but to counter that TPRO is backlogging a lot of solid business without Intel.

I like to withdraw short term profits from the market... but that's because I'm always looking for the next company about to make a 20% move.. up or down. I enjoy the trading even if I'm not always right (how's that for understatement).

When you decide to fold or hold, post your sell and why... OK! Someone just told me Camp is looking for a potential -200 point day today.. don't know how he arrived at that except that the market is bumping into resistance and is rolling over in the occilators.

Jim