Hummingbird Comm. (HUMC) Message Board

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Technology Stocks : Hummingbird Comm. (HUMC)

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To: Chris Stovin who wrote (1615)	6/6/1998 8:33:00 PM
From: Bill Arndt	of 2018

It was a strange week. With the incredible pickup in volume on Wed and Thu I would have expected a substantial gain in the stock price. Why didn't this happen? My theory is that there were alot of shares waiting to be sold and the good news about the new VP and the Lehman Brothers coverage gave the sellers an opportunity to dump their shares at a reasonable price. They must have dumped a substantial volume. Considering the meager volume for the past month, a 100,000 share trade without any buying pressure could have taken the stock down to about 25 or less. Hopefully, we are going to get this selling behind us and move to higher levels next week. If you look at the 200 day moving average for HUMCf it sure looks like we should be at about the 36-37 level. Another chart that confirms this forecast is the NASDAQ index versus HUMCF chart. This relative chart also indicates that HUMCF should be about about the 36-37 level (that would put HUMCF about even with the NASDAQ in general). At any rate, base on the fundamentals, I am sure that HUMCF will go up again one of these days, it's just a matter of when. Bill.

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