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


To: Mr Logic who wrote (13350)3/25/1998 1:22:00 PM
From: Rich Dee  Read Replies (1) | Respond to of 31646
 
<Your risk for holding at $14 is a lot more than at under $2 less than 9 months ago - because the expectation built into the price is so much higher and there is less upside.>

I'm not so sure. There has been a lot of good news (read:contracts) that TAVA has announced since the stock was at $2. Shoot, the company wasn't even a Y2K player then! Granted, there might not be as much upside (on a percentage basis), but I can't think of a better place to put my money! I absolutely refuse to try and guess which direction this stock is going to go on any given day. I sure as heck think TAVA will be trading higher than $14 and outperform any market index you can think of by this time next year. Therefore, I am stashing my TAVA stock under my mattress so you shorties can't have it!

Rich



To: Mr Logic who wrote (13350)3/25/1998 1:36:00 PM
From: Mighty_Mezz  Read Replies (2) | Respond to of 31646
 
Patrick - I can understand some profit taking, but going short at just over 14 when it looks like institutional buyers are willing to pay 13 3/4 is very dangerous, imo.

A short daytrade for a quick scalp is one thing, but I strongly suggest you don't walk away from your screen for any length of time.

TAVA could pop to 16+ in a heartbeat if news is released into this action, and the profit-taking pullback would be to about right here at 14.

The ol' "moving train" adage may be apropos here.

Good luck and good trades.