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

To: genejockey who wrote (810)	5/25/1999 9:05:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 1149

Howard, the trading range on HAUP before the fateful events last Friday was roughly $8 to $16, it is not unusual for a breakout to new highs on very high volume to be of a magnitude of of 50% above the last new high, thus $24 would not have been outrageous. I think that the clumping of the shorts is what caused the spurt to $38 (which is IMHO premature, but not impossible for those long term holders looking 2 to 4 years down). Such a price, will be a slight upgrade of the valuation scale for HAUP, but certainly not excessive overvaluation. Technically speaking, a new trading range of about $16 to $24 would be quite rational for this stock, with both spikes down (possibly closing the gap between $12.5 and about $13.75) and spikes up like we experienced Monday. Zeev