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Hauppauge Digital Inc. Message Board

  • basalt06 basalt06 Nov 30, 2006 3:53 PM Flag


    It is surprising that haup's action is following such a classical pattern by meeting resistance in the obvious $6 area.Surprising because not many shares have previously been exchange at $6;it follows that the trade here is not about pent up supply ie people trying to break even but rather because the shares have backed off in previuos attemts so traders will not be convinced until haup breaks out.But if the fundamentals are in place which I think they are then this blockage will soon give way to excess demand.AFTER ALL THE SHARES HAVE A CAP OF %60 MILLION WHEREAS EVEN A MODEST SIZED FUND Could SCOOP UP ALL THE SHARES WITHOUT BLINKING.any positive news will bring in new capital which will overwhelm supply.So as long as all systems are go I don't want to be on the sidelines looking for a ten percent retracement when a 100% burst is on the near horizon.

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0.035-0.0012(-3.45%)Sep 27 9:30 AMEDT