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Technology Stocks : Hummingbird Comm. (HUMC)

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To: nokomis who wrote (1650)7/16/1998 5:56:00 PM
From: james paterson  Read Replies (1) of 2018
 
I bought back in this morn. I think the bottom is in. I f I'm wrong I'll be out within $1. I think that some of he shorts will start to think about covering before the 22nd.

I think that Lehman initiating coverage with an outperform is a positive development. It would not surprise me if HUM announces a major acquisition in the near future & Lehman is involved in it.

The only real danger I see for the near term is the possibility of NAS cracking because it's so overextended, but if there is any logic whatsoever in the mkts (which I'm not convinced of) Hum should hold up fairly well.

James
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