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Technology Stocks : Hummingbird Comm. (HUMC)
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To: Paul Loucks who wrote (1498)4/13/1998 6:30:00 PM
From: Martin Goldenberg  Read Replies (1) of 2018
 
Seemed like panic buying in the last 20 minutes of trading. I'd like to see higher volumes, say, in the 200K plus range or so....maybe tomorrow when reality (with the shorts) sinks in.

With these small volumes, I suppose it's anybody's guess. But I think the gas tank is still full. HUM's future looks good in its diversification strategy. I think the shorts are coming to realize that and are trying to get out early while the stock price is still at relative minimum loss levels.

This stock has got to get to a PE ratio of at least 23 in the short term...unless the the 2Q results appear too bland...I doubt this though. I'll bet there is going to be many more data warehousing sales announcements to come. There is excellent potential for lots of expansion in this area....and we've got Exceed as a good solid transitioning base....,not to mention their other burgeoning product lines.

$55.00 - $60.00 CDN by the end of the week?

Martin
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