Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ayahuasca who wrote (20195)	7/8/1998 9:48:00 AM
From: david sosiak	Read Replies (1) \| Respond to of 31646

Dear Mark A.Jordan, M.M.'s allowing shorts to cover at this price,not for long,before we start moving UP!! Regards, Dave

To: ayahuasca who wrote (20195)	7/8/1998 10:21:00 AM
From: Bald Man from Mars	Respond to of 31646

I think the MM is messing with your mind, the MM did not gap up this morning indicates that they don't want the public to be in at this price, which means that the MM wants the public to come in at a higher price, actually I think this morning's action is encouraging, and it will be doubly encouranging if we move up in the last hour ...

To: ayahuasca who wrote (20195)	7/8/1998 10:24:00 AM
From: Richard S. Schoenstadt	Read Replies (4) \| Respond to of 31646

Mark, In a word traders. It was mostly traders who got in yesterday and drove the stock up and when they saw the weakness at the open today they got out. Slowly at first then quickly. And likewise I suspect that shorts when they saw weakness jumped on it and created additional selling pressure. In my opinion it is very unlikely that we will close above 10. Why would a trader buy the stock at 10 this afternoon when there was no follow through interest this morning? Also traders who got caught will likely be selling an rallies and shorts will shorting into the rally. As as a result I think it is very likely we will see the 8's again sometime soon unless some institutional buying comes to the rescue. RS