HABE.. if you look at the historical pricing and volume you will see:
1. There was an intraday high of .155, but HABE price settled back to just under 12 cents. Because of the increase in volume, this may indicate there will be a new intraday high tomorrow and the day after and so on, with increasing volume. HABE still closed up 3 cents for the day, even though it went nearly 3 cents higher than that(intraday). There is buying pressure.
2. May 21st was the last highest close with similar volume, which moved up from the previous day, which indicates there were more buyers than sellers and those sellers are IN HABE higher than today's price close, and are holding and/or accumulating.
3. The people who bought HABE today at the intraday high will probably be holding and/or accumulating more.
4. There are only 3 previous days of trading (in April and May) that the volume was near today's volume, which I believe, for a penny stock
is a good sign that HABE has NOT been overbought by any means and MAY have a lot more upside. Normally the float of this stock would be a concern, but the past behavior and today's behavior look like HABE will have a lot of potential. The trend is up.
5. The HABE thread is a very small one, it appears it was inactive for a few weeks..this may mean there are new buyers just discovering HABE.
I also read on the HABE thread that someone was familiar with this company for about 18 years, that makes me feel comfortable that they are probably not going out of business any time soon, and I also like that they have a web site.
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
6/08/98 .117 .090 .155 .090 1,224,500
6/05/98 .087 .090 .097 .087 43,100
6/04/98 .086 .086 .086 .086 5,000
6/03/98 .087 .085 .087 .081 80,500
6/02/98 .080 .090 .093 .080 50,300
6/01/98 .090 .090 .097 .090 136,700
5/29/98 .090 .090 .097 .090 10,000
5/28/98 .095 .085 .095 .085 50,100
5/27/98 .090 .115 .115 .090 136,300
5/26/98 .117 .122 .122 .115 126,000
5/22/98 .120 .132 .133 .115 380,500
5/21/98 .126 .120 .145 .118 1,376,700
5/20/98 .117 .100 .125 .097 593,800
5/19/98 .094 .094 .094 .094 10,000
5/18/98 .091 .092 .094 .091 17,300
5/15/98 .092 .093 .093 .092 24,000
5/14/98 .092 .097 .100 .092 126,000
5/13/98 .091 .094 .097 .091 68,000
5/12/98 .093 .092 .097 .092 152,400
5/11/98 .094 .087 .095 .087 104,600
5/08/98 .097 .080 .097 .080 335,300
5/07/98 .080 .080 .080 .080 9,000
5/06/98 .080 .090 .090 .080 134,200
5/05/98 .090 .090 .095 .090 342,200
5/04/98 .087 .090 .092 .085 146,000
5/01/98 .095 .090 .095 .090 113,700
4/30/98 .085 .090 .090 .082 107,200
4/29/98 .083 .107 .107 .080 317,500
4/28/98 .112 .110 .130 .110 486,600
4/27/98 .105 .115 .125 .090 1,041,400
4/24/98 .111 .096 .127 .093 1,011,200
4/23/98 .095 .075 .095 .075 353,700 |
