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

To: andrew who wrote (1278)	1/27/1998 10:35:00 PM
From: Bill Arndt	Respond to of 2018

Andrew, I'm no technician, but it seems like we have a resistance level here in the 31-32 area. If we break that level (which it looks like we are about to do), then maybe the next stop is 25. I sincerely hope not. There are plenty of analysts who know about this stock, and we were making great progress up until the Andyne merger annoucement. From my perspective the Andyne merger had two results 1) it decreased the probability of Hum as a takeover target and 2) created uncertainity about a fairly predictable earnings stream. After thinking about the situation, I believe management has correctly sacrificed the present for the future; how long it will take for institutional investors to get back into the stock is the question; they will do so as it becomes apparent that Hummingbird/Andyne will continue to grow and produce earnings. The long term fundamentals are in our favor (but this doesn't help my April calls any).