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

To: Hawkmoon who wrote (28908)	2/24/1999 9:56:00 PM
From: Larry Brew	Respond to of 31646

Ron, << Tava valuation >> Sometimes I think Wexler's tactic are a little short of ethical, but he's pretty good projecting stock movement. Movement clearly has nothing to do with his posting, and I believe the posts are purely misdirected to mask his facts. Let's put Wexler aside and understand the situation. Some of my thoughts... Institutions may have played some role in yesterday's upside, but today's volume looked like profit taking to me. If so, we should see a new higher support levels as suggested by JDN.... A company must maintain it's own equity ownership in significant amounts to be able to put appreciated valuation to work tomorrow. To do anything less seems destructive to future plans. Stock valuation can contribute far more than earnings. I'm wondering if the street doesn't take this view???? May I suggest you will find successful institutions hold reasonable ownership in their own stock. One of a number of reasons for buybacks. Something IS wrong with Tava. As Bill stated correctly, "The market speaks for itself." This monster can't be blamed on Bill, david, me or anyone else on SI. In the end management IS responsible, even if they don't have the answers themselves. Anyway, there's my opinion on float vs valuation. I'm out to check the correlation with all my holdings and many of those I track. Stocks with valuation without fundamentals is an entirely different story. Referring to nets. There's no one common answer to the market. Each sector walks on different legs, IMO. Soap box over. Research begins. BTW, Tava was an easy play for me yesterday. I was able to sell 1/2 at my buydown level. It made today easy. Place a sell at elevated levels and a buy at depressed levels allowing a new position with the same money at lower valuation. Nothing filled, but I got close on the buy. I'll make the same move until one fills. Win, win from where I sit and maybe it was the action of others. Tava will not go straight up like a Dell until it solves it's problems, so I have little risk for upside loss. Larry