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

To: genejockey who wrote (525)	5/22/1999 9:59:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 1149

Howard, the only straw in the ointment of this analysis is that the "long term longs" could not possibly hold more than 2.3 MM shares, and if we assume that half of them bailed out Friday, only half is left to bail out and from this, there are some real long term holders that can easily see in five years this stock being worth some $40 to $60 (I was one of those, but could not resist the immediate gratification) and thus will hold, thus we really are left with only some 600,000 of those shares to be sold. Now, last Friday we had 18 MM shares traded, if the first half hour volume is more than a million shares on Monday, those longs will be easily absorbed and have no impact, only those traders that jumped in on Friday, either the long side or the short side will determine the fate of Monday's trading, IMHO. In my opinion, a lot of the supply was provided by the market makers (thus they are short on balance, and by some heavy stuff too), and they are not going to lose money, so you can expect them to use any "lull" in trading activity to bring the stock down and hard. Where it ends will then depend on how many people reading the BW story think it is a new "internet" play and how many think it is just a PC card manufacturer with a nice, but relatively small niche to play in. Zeev