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

To: Richard S. Schoenstadt who wrote (562)	7/30/1998 11:17:00 PM
From: JBH	Respond to of 655

I would think it would be real hard to liquidate those large size blocks when the buyers aren't there so they very well may have to sell down in smaller lots. Some may have actually wanted the stock price down for some reason or another too. It's alot easier for an analyst to begin coverage on a stock that is undervalued or closer to fair value than one that is overvalued. The way the ask size has CONTINUOUSLY stayed swollen for the last few weeks makes me assume it is one primary seller. Not using level 2 myself, but level A so just assuming. Just some thoughts, John

To: Richard S. Schoenstadt who wrote (562)	7/30/1998 11:55:00 PM
From: Tim J. Flick	Read Replies (1) \| Respond to of 655

My guess is the seller is Renn Capital. See Karl's comments. The reason that you are not seeing big blocks has to do with the way the stock is being sold. Here is what I think is coming in the next 10 days. Tava gets smashed under $5 forcing all those on margin out, this will mark the bottom and will be the buy of the year. If you do not know already, most clearing firms do not margin stocks under $5, and will give you a margin call for your entire debit balance if the stock closes under $5. That's my call!! It's ugly, but the stock market is a brutal task master that takes no prisoners in bear moves. Have your cash ready, and I will advise how to buy tava if it closes under $5. It's a very delicate process and you can not fire all of you bullets at one time. Good Luck!!