News Focus
News Focus
icon url

Train Guy

09/08/04 8:43 PM

#292972 RE: GAB #292971

Cross his fingers and hope. There's no liquidity in it. If you have large quanities of it, you can't sell it without dropping the price. Not a lot of institutional interest in it. It'll probably just trade in it's current range until something happens earnings wise. In other words, he's stuck.
icon url

ajtj99

09/08/04 9:29 PM

#292981 RE: GAB #292971

Longer term, HAUP has support at the neckline of what appears to be a large H&S formation. The neckline is around $2.15 or so. That's a bit above the $1.00 target of a H&S formation formed at the highs this year. You can see 3-waves off that high complete, with a wave 4 up possibly complete also.

My guess is it is in a slow bleed down to the $2.15 area, where it could bounce up to 3.95 to complete a right shoulder of a larger H&S formation that would probably take it close to extinction down the road if it came to fruition.

A move above $4.93 would negate this read, although I give a move above the recent highs around 4.29 prior to tagging the $2.15 area very low probability.

http://stockcharts.com/def/servlet/SC.web?c=haup,uu[a,a]waclyiay[pc9!c13!c20!d20,2!c50!c100!c200!c15...

I know nothing about this company, so just take this as my attempt at a technical read of the chart and nothing more.



icon url

Zeev Hed

09/08/04 9:33 PM

#292983 RE: GAB #292971

Right now still waiting to see how the current range is resolved, the BB are getting pinched and we have been in the 3.5 to 4 area for almost a full month.