SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Hauppauge Digital, Inc. (HAUP)
HAUP 0.01220.0%Oct 31 9:30 AM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Trader-TV5/16/2010 5:43:39 PM
  Read Replies (3) of 385
 
Strange things happened

updated and formatted ver - trader-television.com

As of: May 16 2010 5:32 PM EDT

Hauppauge Digital, Inc.

Disclosure: TraderTV is short from 4.50, up 13% as of Friday's close

In 2 regular trading hours HAUP leapt 400% on news about an iPhone app that can stream from the company's WinTV-HVR tuner cards to iPhone, iPad, or any web browser. The application is PC-only. The iPhone application OrbLive has been in the app store for months.

Key Points:

- Mysteriously, over the weekend the OrbLive ratings in the iTunes app store reset from 306 ratings to 0 ratings. Was this to promote the impression that the software is new?

- Based on 306 ratings if 3% of paid users rated the application HAUP made a grand total of $102,000 from OrbLive sales. Meanwhile, at Friday's close the market cap increased by $30,000,000.

- HAUP received notification that it would be delisted if its stock price is not above $1/share on Monday May 17th

- The company has increased earnings slightly over last year so far, is losing money, and has ~$10M in equity.

*** chart ****

The reason HAUP skyrocketed so hard and fast is 1) the Apple/iPad PR headline and 2) the 10M share float which was easily taken over by traders. On Friday the dollar volume was about $4 x 30M = $120M or 3x the bloated market cap.

This means that HAUP is 100% in control of traders. The near term prices will be decided by emotions associated with the entry and exit points of traders rather than pure fundamentals. From the gap up, most longs are in at high prices $4+.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext