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

To: Norm Magic who wrote (16446)	5/12/1998 2:51:00 AM
From: Karim Allana	Read Replies (1) \| Respond to of 31646

I recently took a small position in TAVA, and generally like what I read on this thread and about the industry. My strengths in trading are Technical Analysis and I would like to post my 2 cents worth. YTK index appears to be in a down trend since the beginning of April. Today's candlesticks on the YTK was similar to "dark cloud cover", only it didn't occur in an uptrend. Caution is suggested. Today's action for TAVA was a Doji star, i.e., the stock gap opened up, jiggled and closed almost at it's open. Doji portends uncertainty. I see a lot of stocks announcing earnings which have a Doji a day before earnings announcement. After all, earnings is a very uncertain time, anything can happen. Any other time, a Doji Star (evening Star) could mean a short term reversal. IMHO, excersise caution, put protective stops at $13 or so. If earnings go well, enjoy the ride up. Good luck every body.