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Technology Stocks : Hi/fn™ (pronounced "hyphen" ) (ticker:HIFN) -- Ignore unavailable to you. Want to Upgrade?


To: Geoff Altman who wrote (583)1/26/2000 1:16:00 PM
From: Alex MG  Read Replies (1) | Respond to of 928
 
Not surprising to see HIFN consolidating after a almost 30 point runup in about a week. I think it went up 5-6 days in a row.
Note that the volume is very low on this downtrend as opposed to the run-up was on 1-2 million per day. So this could be
considered a healthy consolidation.
On the way up $55-56 was a resistance level so that should be a nice support level if it goes that low... Will it go that low?
Who knows... What I do know is HIFN's future is even brighter now that Cisco is designing... "multiple Hi/fn encryption and
compression processors into a range of different products."

With a couple solid quarters HIFN can easily test and surpass it's old high of $150