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

To: jan m. who wrote (16785)	5/13/1998 10:26:00 AM
From: Stuart Schreiber	Respond to of 31646

Jan: thanks for the link; should be required reading. stu

To: jan m. who wrote (16785)	5/13/1998 10:33:00 AM
From: Al Dorsa	Respond to of 31646

Jan, thanks for the Yahoo posting link. The author, stthomas95, goes on to say: Technical Strength stthomas95 May 13 1998 10:21AM EDT Tava is trading on its chart above its 50 day moving average and well above its 200 day moving average. It bounced off support at 11 1/4. I had it drawn at 11.50 last night on my post....and this is very strong support. Investors are packed in here and short term traders will have difficulty shaking them out. Most people there have profits that 10% declines don't touch. Study the volume and major purchases over the last year...and 11 1/4 looks like a concrete floor. Too, not many brokerages have many shares to short, so we will see attempts at ganging up on the stock, probably later today. If i'm the market maker I'm on the phone right now talking to my buddies to see if we can come up wtih a million shares to short, 40,000 at a time. That would take a lot of trust and some heavy hitters in the industry....because some of the MM's are small. But I would do my best to get the stock for my firm and tell my boss at the end of the day I picked up 250,000 shares of TAVA today between 11 and 11.75. A few at 12. Then I tell him the story of NasDaq listing....we're offering the shares for Ask 14.00....on Friday morning.....he smiles....I tell him last quarter was 11 million revenues...and this last MONTH Tava booked 8-10 million. He smiles again. "We're scaring mom and pop out on a 10% hit." He smiles again.