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

To: Olu Emuleomo who wrote (27171)	1/28/1999 12:56:00 PM
From: Rick Bullotta	Respond to of 31646

Olu: I think the resistance at 9 has been based largely on the difference between "expected" earnings in '99 and "actual" earnings, with an allowance being included for the unknown...the next earnings release should hopefully break through that resistance level, even with the most modest of P/E expectations for TAVA. While I, for one, don't subscribe to P/E as a micro indicator of value, it can provide an overall measurement. I believe I saw a report on CNBC that indicated that the P/E of the S&P 500 was an unholy 35... Needless to say, that does indicate plenty of upwards room for a more "mainstream" TAVA as soon as earnings (and revenue growth) warrant it. Expecting good things.