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

To: DEER HUNTER who wrote (747)	5/24/1999 4:12:00 PM
From: BigTex	Respond to of 1149

You gotta love this stock!It's a trip,FOR SURE!

To: DEER HUNTER who wrote (747)	5/24/1999 4:50:00 PM
From: Keith Lenart	Respond to of 1149

Now THAT was a wild ride. HAUP exhibited very atypical behavior today in my experience. I did come out on top for the day, but only cause I kept getting squeezed out of my shorts! Every time it happened, I'd go long for a couple of points and try again. ;-) I ended up near push for the short side (-800) and only did that well because I caught the ride down from 35 to 31 near the close. However, my "throw caution to the wind" longs netted me (+4800). I would have done better just holding my longs after the first squeeze until 3:00 and then shorting! But even when HAUP is charging upward, it scares the crap out of me to hold it long at these levels. Good luck to everyone tomorrow. (And I am a glutton for punishment -- I kept part of my short position open at the close.)

To: DEER HUNTER who wrote (747)	5/24/1999 5:28:00 PM
From: AJ Berger	Read Replies (4) \| Respond to of 1149

Longs must get ready to call the Kettle Black I'm very excited you all are making such great money, and the shorts are getting killed, but I'm short, and will illustrate how longs have more to fear than us. today we saw the stock sell&short down to $22 and it quietly sat there till WAVX press release and then HAUP's press release 2 hours later. We learn nothing new from either press releases, yet the stocks thin float and large attentive audience make it a big mover on an otherwise down day. WAVX/HAUP can't pull these rabbits out of their hats much longer unless they want the SEC up their ass, and no matter who helps promote this WAVX/DTV Card from HAUP, at $500 a pop, it will be a poor seller unless a content/Etailer provides costly incentives. I'm not calling this one short or long from here, the stock is way too fragile now for either conviction. I am only saying that the underlying fundementals driving this stock run are BS, and the run is purely technical. I feel much more sorry for Longs buying at these nosebleed prices hoping for more, then shorts who wisely cover at the first sign of trouble and would advise Longs to take profits here, in hopes of getting this stock MUCH cheaper over the coming weeks if they think this July product launch will spark another rally. (If you don't think I have a feel for todays move, then read #733, as I hit that one right on the mark at 3pm.) WSJ Online - Have a Good Read: DJ Hauppaugue Digital Continues To Soar On Magazine Report By Christopher Grimes NEW YORK (Dow Jones)--Hauppauge Digital Inc. (HAUP) continued its frenzied surge Monday, hitting a new 52-week high in the aftermath of a BusinessWeek article that said the company would form an alliance with "a large Internet company." The stock, which more than doubled Friday to 27 13/16 from 12 1/2, was a hot topic on several popular Internet investment chat rooms, with many traders asking their peers whether to short the stock or to buy it. Right now the Hauppauge, N.Y., company makes makes most of its money selling digital cards that enable personal computers to show cable television on the monitor. But Hauppauge has recently announced "strategic relationships" in other areas. In its May 6 earnings announcement, it said it was working with bulletin board-listed Wave Systems Corp. (WAVX) to develop its electronic commerce system. The company earned 31 cents a share for the year ended Sept. 30, and its chief executive has said in interviews that he's comfortable with projections that earnings in the current fiscal year could hit 60 cents. Robert Van Securities analyst Steven Singleton said he's optimistic about the company's prospects, particularly in its work in the high-definition television market. But he said he didn't know of any upcoming Internet alliances that were suggested in the BusinessWeek article. "I believe the BusinessWeek article is speculation that there is another announcement upcoming," said Singleton, who rates Hauppauge shares at buy. "I don't know what that announcement is." The article said Hauppauge "will announce a joint venture soon with a large Internet company that broadcasts streaming media programming on the Web," attributing the information to a New York money manager. Calls to the company weren't immediately returned. An outside spokesman wouldn't speak on the record about Hauppauge's stock activity. Earlier the stock rose as high as 38 1/8, past its previous 52-week high of 28 15/64 set Friday. It recently traded at 31 5/8, up 3 13/16, or 13.7%, on volume of 22.5 million shares, compared with a daily average of 353,800. - Christopher Grimes; 201-938-5253 More about Hauppauge Digital Inc.: From leading business publications From The Wall Street Journal