To: DEER HUNTER who wrote (652 ) 5/24/1999 12:37:00 AM From: genejockey Read Replies (2) | Respond to
Quick explanation. Most of the longs in this stock now are daytraders, daytraders don't care about fundamentals, they care about selling when they sense hype diminishing.. and hype is diminishing here. With daytraders, 2+2 does not equal 4 ever. Take a look at PTEK's stock price now. Anybody can tell you that PTEK "should" be over 20 due to it's stake in HLTH, but unfortunately for longs, the momo left PTEK and daytraders dumped. You can't make rational arguments when the longs holding a stock happen to be daytraders. Daytraders will dump HAUP and HAUP won't stop falling until "value" investors come in to buy this company... seeing as investors/institutions/Warren Buffet types could have had as much as they wanted at 12 on Thursday, I doubt this stock will settle higher than 15. If they get an exclusive Yahoo deal, however, that will change things drastically. Just don't throw your kid's college money into HAUP just because a suspect money manager mentioned HAUP was going to form an alliance with a major Inut in the future... vary vague to say the least.--- Not Howie/genejockey
