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

To: gamesmistress who wrote (498)	6/28/1998 1:15:00 AM
From: Copeland	Read Replies (1) \| Respond to of 655

Tim, do you think this is a sign of institutional buying? Please, let's be realistic here. Obviously the news about CNBC has gotten a ton of daytraders in the stock, which has caused the price to suddenly jump and will eventually cause it to crash back down to the high 9s. The CNBC effect is well documented on SI and elsewhere. As for the big buys at the end of day, I wouldn't be surprised if these shares are unloaded tomorrow into the two big buying sprees that usually accompany a CNBC spotlight that day. Real price appreciation comes slowly and steadily, and more often than not, just sneaks up on you. No institution worth its salt would bother buying into TAVA now when it can obviously buy it cheaper in a matter of days.