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

To: Tim J. Flick who wrote (561)	7/30/1998 9:25:00 PM
From: Richard S. Schoenstadt	Read Replies (2) \| Respond to of 655

Tim, How can you tell there is a massive seller? Why didn't you see him last week? Or did he just start? Not that it matters too much but is it possible instead that it's just a lot of long time holders who are finally selling out of fear of taking a loss? A lot of people bought this stock in the 5 and 6 range. There was a very long basing period from July to February where most of the trades were in that range. Of course it could be a combination. The big buyer or buyers who came in in February bought a lot in the 7 and 8 range - so maybe that's who is getting out in addition to the retail investor. (One thing that makes me think it's not a big seller is the size of the buys and sells. They just don't seem to be that large. In February a lot of the buys were like thunder 10, 25, 50,000 blocks. But a lot of the current stuff looks to me like a thousand or under - i.e. traders. Avg size trade for the last few days has been under a thousand.) With respect to waiting I agree 100% - unless you are day trading and can get out quick if you're wrong about which way things are going. Very good advice. Let the market tell you where the bottom is. Don't guess! Same thing for the top. It makes sense to wait at least until we have an up day - so far about 10 down days in a row so got to be soon now you would think. But lot's of people have tried to call the bottom and guessed wrong. Some in the nines. Others in the 8's. I have been very tempted myself in the 7's and 6's. And look where we are now. Who'd a thunk it. RS