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

To: JDN who wrote (17635)	5/26/1998 1:20:00 PM
From: Olu Emuleomo	Respond to of 31646

Dear Olu: Why do you feel it must go down to 200 day moving average to be a good buy? Improving financials, contracts, etc. constantly why should it go so far back? Just wondering as to your thought process here. JDN JDN, Because that's where the big money is. A lot of MMs and money managers are closet technicians and normally strong stocks that trade at the 200day EMA are widely considered to be 'good' buys by technicians; especially when the 200 day EMA is still rising. I am watching to see if TAVA will bounce off its 200day with really strong vol of say 1.5m. If it does this, then I will be convinced that there is plenty of interest out there... --Olu E.