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

To: M. Frank Greiffenstein who wrote (27975)	2/12/1999 2:17:00 PM
From: Bonzo	Read Replies (1) \| Respond to of 31646

Doc coincidentally I did a post on the TAVA, AOL board a couple of days ago about the parallels I saw in THQ and TAVA's early trading patterns (since re-structuring with a new CEO), lack of early analyst coverage and institutional ownership. This in spite of strong individual investor support (THQ's Fools board was one of the most popular - SI's TAVA board is also). One thing has changed since those early days though, huge increase in Internet trading. But this has generated a lot of day and short term traders and not enough of long term investors which would form the core support that TAVA lacks. To the best of my recollection this is what I remembered about THQ's analyst coverage and institutional sponsership - excerpt from my AOL post: BTW, there was only one (1) analyst that covered this stock (THQI) during 1996 and part of 97. Institutional sponsership totaled 8 different institutions with less than 10% ownership - through 1996 and part of '97. The company, with its conservative, non-hype, non-promotional posture, continued putting up impressive numbers. However, by August of 1997 (9 months after I re-established my position) the stock was still trading at the same price I re-purchased at - 6 1/4 (split adjusted). Why? Not sure. Perhaps it was negative perception - trailing edge platform support and a checkered past, unpredictable future earnings and lack of real technology. Then suddenly, perhaps due to their huge Wrestling game revenue, a finite opportunity due to the loss of this license at the end of 1998, the stock started moving up. The herd, re: institutions, started buying the stock (from 8 to 67 institutions in 2 years). Additional analysts came on board - there are four (4) now. By 12/31/97 the stock had increased to 15 3/16 from my buy price of 6 1/4 exactly one (1) year earlier. By 3/10/98 the stock had moved up to 21 7/16 and eventually traded as high as $32+ by the end of 1998.