HAUP - Hauppauge Digital Message Board

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Technology Stocks : HAUP - Hauppauge Digital

HAUP 0.0155

0.0%

Nov 7 9:30 AM EST

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To: doormouse who wrote (684)	5/24/1999 10:39:00 AM
From: Keith Lenart	Read Replies (1) of 1149

What would your stats say about the rest of the day,,, the next days? /k1bo, Intraday resistance points from Friday do matter somewhat, insofar as the fact that some traders will be watching these and either covering shorts or "bottom fishing" (seems strange to say that on a 100%+ gainer). However, if your time frame for trading this thing is more than a few minutes, these points will not typically have an impact statistically on where this ends up at the end of today or this week. Every stock is different, but from general experience, HAUP's big run up and GAP DOWN this morning put it into the weakest 25% of such candidates. I'd hypothesize that we'll see sub 20 prices today with a decent chance of closing there. Overall, HAUP will probably trend down the rest of this week with occasional 1-2 point spikes. I plan to cover my short position in phases, with 30% already covered ;-). My lowest cover order buy price is below 17. I think we have about a 80% chance of seeing that price before Friday. All of this is JMHO. Your mileage may vary. Good luck.

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