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

To: andrew who wrote (1605)	5/25/1998 8:04:00 PM
From: Vahe	Read Replies (2) \| Respond to of 2018

Andrew, I agree totally that the Bird has been targetted by the investor community for a rough ride. But at some point cool heads will prevail and the downtrend will reverse itself. Looking at the TA the historical conditions which were in place in mid Feb/98 (one quarter earlier) are reoccurring. MF RSI, Volume, Volume Oscillator VP Trend and SVMA are indicating a reversal is due to occur soon. In addition the Bollinger Bands are narrowing the same as in mid Feb/98 (the price hit a low of 42 then and moved to 51.4 within 2 weeks). It takes one good news to trigger this event. Below I have taken Paul Loucks figures from message 1578 in order to arrive yet at another figure based on fundamental analysis. The figures are in US$. Owner's equity $170M = $11.3 per share Cash over next 5 years $150M = $10 per share Andyne with P/S of 7 $112M = $ 7.5 per share Total = $28.8 per share (Can$41) Vahe