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

To: Paul Loucks who wrote (1326)	2/6/1998 8:36:00 AM
From: Dr. J	Read Replies (1) \| Respond to of 2018

Wow, you guys sounds like you need some moral support. I've just bought in long after doing my DD for a couple of weeks. Both on a PE and free cash flow basis this stock is very cheap. I must admit that the high short level does worry me. But when in doubt, trust your own judgement. The numbers and the story both look good. I've tried out, and like the products. Re the shorts: do you have a record of the short level over the last year. Has it jumped up a lot since the Andyne acquisition? Or has it been this high for a while?

To: Paul Loucks who wrote (1326)	2/6/1998 10:17:00 PM
From: Hassan Lakhani	Read Replies (1) \| Respond to of 2018

IMHO, I think the key to making a buck with HUM is to believe in its long term fundamentals, but also recognize that the its price is very volatile, and use it to your advantage. Over the past 2 years, I have always held a stake in HUM, but have added and reduced my position when I thought it was appropriate. I agree with one of the previous posts, that the people manipulating this stock want to push the price down so that they can buy, and then push the price up so that they can short it. Of course this is all easier said than done. If I was that clever, I would have sold everything at $69. I think that the current share price represents a situation where the price is being pushed down in advance of a strong upward movement. I don't think HUM will be moving up imminently, but I think the more it drops now, the bigger the potential upward movement later on. If HUM didn't already make up such a big proportion of my portfolio, I would definitely be adding to my position. Good luck to all. Hassan