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

To: Craig Rogers who wrote (17593)	5/24/1998 11:12:00 PM
From: Tim J. Flick	Read Replies (3) \| Respond to of 31646

I have liked Tava for a long time I just have not liked the market. About Tuesday, i'm inclined to think that it's that time of year that the little guys get roughed up. However, as you have witnessed, it has already done alot of damage. With all of the big boys loosing hat size numbers, it won't be over until the masses get very frightened. The internet stocks have been hit, the chip stocks, almost any high tech. I'm looking for a bottom but unwilling to make any big bets at present.

To: Craig Rogers who wrote (17593)	5/25/1998 10:35:00 PM
From: Karl Drobnic	Read Replies (1) \| Respond to of 31646

Craig: "Summer sell-off" - Over the long term, NASDAQ stocks tend to start their downtrend in April and decline into October, then rally through the winter. This also roughly matches a long term pattern in technology stocks, which for a long time were sensitive to an annual summer slowdown in orders from Europe. Dow stocks, over the long term, tend to hit a Spring low and then rally into July, with low points again in Sep./Oct. There is a marked seasonal divergence. Also, any one year can be markedly different from the seasonal pattern. But with RUT declining from +9% on March 31 to about +6% at Memorial Day (down 3%) we are currently following the Small Cap seasonal trend. We are up for the year (normal), but down from the Winter Qtr. close (again, normal).