Hummingbird Comm. (HUMC) Message Board

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Technology Stocks : Hummingbird Comm. (HUMC)

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To: Sultan who wrote (1395)	3/2/1998 8:04:00 PM
From: Bill Arndt	of 2018

Sultan, thanks for the short interest info. The short interest seems to be an excellent contrary indicator. Last November when the stock was still around 38 there where 2.4 million shorts. In February when the stock price was at 30 the shorts were up to 2.8 million. The action today was encouraging. The price rose early and came roaring back after the mid morning selloff. We'll have to see if HUMCF settles into it's old trading range (pre Andyne) of about 36 -40. . . or maybe this is just a short upward blip. If you check out the chart last spring there were several up ticks like this that resulted in the stock pulling back to it's former lows. I took some money off the table today. Bill.

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