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Technology Stocks : Trading TAVA -- Ignore unavailable to you. Want to Upgrade?


To: jan m. who wrote (448)5/21/1998 10:35:00 AM
From: gamesmistress  Respond to of 655
 
Jan, it looks like the worst may be over, at least for today. The price has recovered to over 9. Doc Stone posted on the other thread that TMex and Svjek called this correctly, saying there were lots of heavy shorters and they would knock the price down... We need more contract announcements or brokerage coverage with a strong buy recommendation I guess to keep this stock up.

BTW they did not knock me out...though I called my broker to make sure I would not have a margin call. Whew!




To: jan m. who wrote (448)5/21/1998 10:37:00 AM
From: Rob L.  Read Replies (1) | Respond to of 655
 
Jan, I don't think it is a monster seller. I think it is shorts. I thought only brokers could actually short BB stocks. Now when tava moves to NMS, everybody can short. In addition, people are panicking and some may even be getting margin calls. Add in a poor showing of the earnings report and you have a collapse of price. However, I do think people are ignoring the story here and it is unfolding more or less as everyone thought. The pipeline is strong and getting stronger. Whether Tava can deliver the goods, however, is still unknown. There is major support in the 9 area. I would not expect to see this broken, but you never know.

Regards