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Technology Stocks : Hyperfeed Technologies, Inc. (HYPR)
HYPR 0.980-7.5%Dec 1 3:59 PM EST

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To: Jeff Jordan who wrote (1483)3/23/1999 9:41:00 PM
From: Jeff Jordan  Read Replies (1) of 2231
 
I will stick with my belief that PQT will trade this channel for a short period before investor expectations move us higher. I admit I was a little disappointed in earnings. Well, maybe my expectations were some what higher. Friday told me....most were happy. I'm am still bullish but still cautious here. I will nibble at support levels and jump on any breaks below $5. I think any sudden move over $6 could be a bull trap unless it is on something special to improve our confidence for that next level. My 3 month target is $7-8 towards the latter. My other eye is on the major indexes as the market is still very toppy here with many blue chips at extreme overbought heights. Any market correction here...say to 9700 could see us @ mid $4 from panic sellers. But I will be buying heavy in such an event.


Well....half wrong/half right? I guess my forecasting was off by a buck or so. I have been very impressed by the volume/performance of the past few days.... I was surprised we held up so well today on low volume and still expect to see the mid $5's. I'm not seeing any reason for this correction to end tomorrow and will be very selective in my buying for the remainder of the week.

Jeff
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