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


To: Rich Dee who wrote (15004)4/17/1998 4:17:00 PM
From: Norman Stone  Read Replies (2) | Respond to of 31646
 
Rich, I wouldn't call this manipulation. Buying pressure was balanced with selling vacuum, and the sellers were betting on breaking the rally. They didn't. An interesting day.

In my opinion, if TAVA has not been declining prior to today, the rally would have tested 14+, followed by more profit-taking in the afternoon. Then the sellers would have succeeded in turning the rally, and could have picked up the pieces. TAVA's recent weakness made buyers more conservative, so there was no backlash.

I picked up more at 13 5/16 today, figuring on the reluctance of everyone who was hoping for sub-12 to adapt to the new level. I give them a couple of days to come around ... 8^}