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


To: Mighty_Mezz who wrote (18049)6/5/1998 3:23:00 PM
From: baggo  Read Replies (1) | Respond to of 31646
 
David,
Dean Witter has been at 9 7/8 since 11:40. Bastards!
Good luck longs,
Brice



To: Mighty_Mezz who wrote (18049)6/5/1998 3:25:00 PM
From: Raymond James Norris  Read Replies (1) | Respond to of 31646
 
FWIW, TAVA seems to be forming a small coil (you must be thinking, "Hooray! More TA!! Right?? <g>).

What is a coil? It's simply when Bulls and Bears both get weaker and ends when eventually one of the two breaks away with a fairly strong move.

In TAVA, the bears brought the stock down to 8 3/4. Then the Bulls drove it up to 11 1/18. Then the Bears drove it down to 9 3/8. This was higher than the first point of 8 3/4. The bears had grown weaker.

So the bulls took over and drove the price up to 10 3/4. Again, they couldnt manage to get it back to 11 1/8. They had grown weaker..

And that brings us to today. The bears took over and brought the stock down this time as low as 9 5/8 - higher than the previous level of 9 3/8.

Bottom line is one will prevail in the near term future (i.e. early next week). Usually in TA, this indicates the stock will make it back to one of the extremes - 8 3/4 or 11 1/8 for a retest (which both as I pointed out earlier are Fib retracement levels). I hope its 11 1/8......

Conservatively Yours,
Raymond J. Norris



To: Mighty_Mezz who wrote (18049)6/5/1998 3:42:00 PM
From: Craig Rogers  Read Replies (1) | Respond to of 31646
 
Dave: I noticed the same thing. It just won't move off 9 7/8 with the constant buying.

Craig



To: Mighty_Mezz who wrote (18049)6/5/1998 5:09:00 PM
From: Tim J. Flick  Read Replies (2) | Respond to of 31646
 
David... He was there all day.
He obviously has size for sale. Must be from fund, can not be retail. We need more volume to get him gone.



To: Mighty_Mezz who wrote (18049)6/5/1998 6:17:00 PM
From: Michael Baron  Read Replies (1) | Respond to of 31646
 
David, I put in a limit order @ 9 3/4 at 1:15 after watching the movement creep back from 9 7/8. DLJ sat on it for 13 min. I finally changed to a market order when I saw the bid/ask @ 11/16, 13/16. I got an immediate fill @ 9 7/8. I don't know what gives.
M.