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


To: Karl Drobnic who wrote (24819)11/16/1998 12:33:00 AM
From: jwk  Read Replies (1) | Respond to of 31646
 
Karl -- That's interesting information, but I'm not sure I know exactly what it might indicate.

Were MM's who had accumulated in the $3 range sabatoging the price rise and CC to shakeout loose shares from momentum players and weak hands with the goal of picking up more shares in the $4-5 range for a play next spring around $8?



To: Karl Drobnic who wrote (24819)11/16/1998 4:48:00 AM
From: JDN  Read Replies (1) | Respond to of 31646
 
Dear Karl: Makes sense to me. The type of buyer/seller (I refuse to call them investor) you describe cares little what the stock price is at any given time. Only how much it has appreciated since buying as they know that they can (in the interim) swing the price up and down at their will because of their volume. They continually milk this stock for a point or two. However, I am hopeful that as TAVA shows it will earn in the $1 range this year, and as their Post Y2K stratagy becomes more clear, that the stock will burst out of this trading range and attract an even broader stockholder base perhaps negating the effects of these MM's. jdn