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

To: david sosiak who wrote (14290)	4/7/1998 10:52:00 AM
From: Raj Ramaswamy	Respond to of 31646

TO ALL: The play in big letters (PLAY) around here is pure psychology taken to great advantage by shorts. If I can sequence the events that contributed to this "perceived weakness" , 1. Joe (fondly a.k.a Tokyomex) posted a rumour on his web page about "over shadow" of possible secondary offer. TAVA's IR confirmed that there is NO such plan. But damage was done already as weak hands were raising all sort of questions. 2. Karl posted about his analytical findings on pullbacks in terms of percentage every time TAVA set the new high. He came up with 12.5 as support level from latest high. I am not saying he is responsible but he being very respected guy on SI, this might have (I repeat, might have) started the mentality of "trading" on TAVA on short-term or newbies waiting to get in cheaper. 3. Tim (our SI MM) recently gave 25% correction warning in TAVA when techies correct. This is based on TAVA would act on herd mentality. 4. Of course, Patrick, king of TAVA shorts (crowned today) kept harping about TAVA being still a story, blah..blah... Maybe he knows more than COKE, BMY and scores of others. 5. The stop losses only added the fuel to fire by increasing the downward momentum and here we are below 11.5. Judge yourselves..! Raj