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Technology Stocks : HAUP - Hauppauge Digital -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (520)	5/22/1999 9:44:00 PM
From: genejockey	Read Replies (1) \| Respond to of 1149

Right on ZEEV, although, I don't think you realize how right you are -please see my last comment-. The "sane" investor types who did a little DD on the company are probably the ones who bought and gapped HAUP to 15 Friday AM. I bet most of them cleared out in the low 20's though. Now the true HAUP investors who bought it 12 and below probably sh!t a brick when they came home Friday and saw a one day 120% gain on a PR documenting what HAUP is about and what the Company was intending to do with their technology. I'm sure they're in disbelief that HAUP basically ran up due to a Business Week article just documenting the state of affairs at HAUP... ie. it's the same HAUP that these investors were trading at 12. I'm sure they're itching to unload bright and early Mon. AM. Heck, their probably doing backflips as I am sure they would've unloaded at 20 like most if they had been around to watch their stock. Looking at the late day volume surge, it's my opinion that HAUP at 21 and above (around 3 PM Friday) was bought mostly by daytrading gap players who will sell... in addition to the longs that were holding it from 12.---- Not Howie/genejockey "most of the holders from under $12 that saw the happenings Friday are out, but there might be more ready to jump through the door on Monday which saw HAUP's action only on the NBR Friday night or the CNBC report. "--- I don't think you fully realize how prescient you are with this statement. What's funny about most previous Business Week plays is that you often see buying on Thursday, with the spike on Friday on gappers. ie. it's very apparent that BW plays usually get leaked a little ahead of time... usually. But apparently, there was no leakage for this issue. That's important cause if HAUP would've had some action Thursday, I am sure longs would've checked on Friday. But as you say, the stock was dormant Thursday (actually, stocks been sleeping a long while now) so I bet most longs @12 are still holding onto this stock. ie. I am sure quite a few would've sold on Friday if they were watching the stock. Therefore, relative to other BW plays where longterm holders selling into the Friday gap (for profit taking) are accounted for by the EOD stock price, I don't think HAUP's EOD stock price has had much of an adjustment due to profit taking from holders @12. To sum up, I think there will be alot more selling Mon. than one would normally expect. Also, it helps that this stock was not heavily shorted prior to Friday... so I doubt any short squeeze on this baby as I think most of the shorts came in at above 22.