Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Hummingbird Comm. (HUMC) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Arndt who wrote (1277)	1/27/1998 8:53:00 PM
From: andrew	Read Replies (1) \| Respond to of 2018

Bill, I wouldn't be surprised to see the stock trickle down to 25 over the next couple of months unless there's any significant news. There just seems to be no significant buying interest on the NASDAQ at all. My feeling is that anytime the stock pops it is due to short covering and anytime it falls it is due to shorts selling (if you go back 2 years plotting the short interest against the stock price there is definitely a correlation). The only way we'll get a higher multiple on the stock is if we get some well heeled buyers come in to support the stock and scare the shorts or we get an acceleration in earnings growth. I don't know why the constant 25-30% growth without acceleration and a forward multiple between 10 & 15 just doesn't seem to cut it!?

To: Bill Arndt who wrote (1277)	1/27/1998 11:25:00 PM
From: james paterson	Read Replies (2) \| Respond to of 2018

Bill, It's really ridiculous. For the last 2 years the shorts have been wrong, but have made a ton of money. The longs have been right & a lot of them are lucky to be even. I attribute this screwy situation to Hum being a thinly traded stock & easily manipulated by the mkt makers & others. I'm not a tech but know enough about TA to realize that it does'nt look good for the longs. Every time we get over 46Cdn, the selling pressure intensifies & the price is knocked down. The shorts have had their way for so long that they don't have any fear. It does'nt make any sense that Hum can't even keep it's P/E over 15. We need the institutions to step up to the plate. Maybe tomorrow. James