Hummingbird Comm. (HUMC) Message Board

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Technology Stocks : Hummingbird Comm. (HUMC)

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To: Bill Arndt who wrote (1430)	3/25/1998 2:34:00 PM
From: litc	Read Replies (3) of 2018

I believe BT Alex Brown has a Buy rating on HUMCF. The reason for the original downgrade from strong buy to market performer was that the analyst felt the merger would be good in the long term, but he preferred to wait until HUMCF could show some good results before he would advise his clients to jump back in. I think the substantial price decline has since prompted the analyst to upgrade the company back to Buy. BTW, HUMCF is still stuck in a trading range between $30 and $37. It failed in the last attempt to break out on the upside. If the stock cannot gather enough momentum to break the upper band on high volume, look out for the bears to chase the bulls back to the bottom of the trading channel. Of course, as a true believer of HUMCF, I hope that I will have something to cheer about in the next few weeks.

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