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


To: Richard S. Schoenstadt who wrote (20200)7/8/1998 10:28:00 AM
From: Mighty_Mezz  Respond to of 31646
 
unless some institutional buying comes to the rescue

Or TAVA decides to release news of another contract or three. <g>



To: Richard S. Schoenstadt who wrote (20200)7/8/1998 10:43:00 AM
From: Bald Man from Mars  Read Replies (2) | Respond to of 31646
 
I am not so sure I agree with you.

Yesterday's volume is 2,134 K and most of the volume
came in after the news release ...
Today it traded 213 K about 1/10 of yesterday's volume,
to me which means a lot of the volume yesterday is due
to short covering and institutional buying.
But since the short interest is not that high, I have a
feeling that there are already institutional buying
going on, and the selling today are the trader who
jumped in yesterday and hope that it will gap open today.

The fact that it did not gap up today by the MM only
means they do not want the public to buy at this level,
so what level do you think they want the public to come in,
of course, at a much higher level ...

Very comfortable with today's action...



To: Richard S. Schoenstadt who wrote (20200)7/8/1998 10:46:00 AM
From: Im-patient  Respond to of 31646
 
Thanks for your perspective/analysis.

Sounds plausible...though I sure wish it weren't.

Of course, given the "incident" yesterday, it's hard to feel confident that the price will not jump again on more news. Here's hoping!!!

Any other opinions on the likelihood/possibilities of seeing the 8's again????

Looking for some backbone here....

Thanks, FRED



To: Richard S. Schoenstadt who wrote (20200)7/8/1998 10:53:00 AM
From: Im-patient  Read Replies (1) | Respond to of 31646
 
(OT)--

Can anyone please try to educate this dumb bunny....

I just can't get it straight in my head...the bid size vs. the ask size.

When I see a large "ask" size, relative to the bid...I see that as a large proportion of buyers....but that seems to lead to a downtick...

I must have it backward, but I need a clear definition of the concept.

Any help is greatly appreciated.

FRED