3SOF

Short-term, HAUP is responding to the technical weakness, and broke below a Descending Triangle this morning, which has a QUADRUPLE top at 8.00.  That needs to get taken out to upside, obviously.

The pattern break puts 7.43 IN PLAY as long as HAUP trades below the pattern, or until 8.00 is taken out.

  Nice

Trust HAUP to get hopping just when I hopped off 

Had to clear out some positions, and HAUP looked a bit weak there, on really low volume, so I got out at 7.77, only to come back later and see it had blown through $8!!!

Oh well, it will probably continue on from here, now that key $8 resistance is broken, but to be honest, HAUP traded a little too thinly for my liking, resulting in big potential swings, but really hard to read on days like today when volume is so low.

Quote from: ScottishTrader on January 16, 2007, 04:51:20 PM
HAUP traded a little too thinly for my liking, resulting in big potential swings, but really hard to read on days like today when volume is so low.

Scotsman,

The late day rally sent HAUP right to the top of the channel again,  which was at 8.202 yesterday.  That's the 7th candle to hit that trendline, or very close to it. 

The high was 8.24, which was a technical breakout, but the close was 8.16, four cents back below the breakout.  The tail of the candle was a bit short for a Bearish Hangman, but close.

The top of the channel comes in today at 8.2454, right at yesterday's high, so HAUP is well-positioned for either the breakout, or the Wave 5 fakeout. 
   

I hope that it's the breakout for 3SOF members who are long it, and not the fakeout like we had at the top in GIGM, in late September (next post).

Those of you who were long GIGM in the 3SOF Portfolio last autumn will remember the intraday upside fakeout on September 21, to 12.55, and the close of 12.38, exactly on the top of the channel.

The next day was a Bearish Engulfing pattern.  Six sessions later, GIGM was down 28% from the 12.55 high.

Just an example of the kind of thing to watch for.  Good luck, everyone!

hi,
it made this candlestick pattern
lets see if ths follows through.

Three Outside Up Bullish
Pattern: Reversal
Trend: Bullish
Reliability: High   

How to Identify it

A bullish Engulfing pattern occurs in the first two days
The third day is a white day with a higher close than the second day
What it Means
This pattern is a more reliable addition to the standard Engulfing pattern. The third day is confirmation of the bullish trend reversal.
maxi

They sure aren't making this one easy for you guys, are they? 

The early morning Channel breakout got to a high of 8.47 at 10:00AM.  Support on the selloff was 8.06, which was fine.  That was above the tops of the Ascending Triangle, at 8.00...8.00...8.00...8.00.

The second rally attempt was lower to 8.43, then a selloff to 8.12.  HAUP is at 8.12 again, on a Symmetrical Triangle breakdown in the intraday chart.

A close near here would be:

1. The Wave 5 fakeout/breakout possibility that we've discussed, if it closes below 8.25, similar to what GIGM did in this morning's chart.

2. A Bearish Inverted Hangman in the daily chart.

3. A Bearish reversal, if it closes in the red.

Good luck, guys.  I'd like to see you at least get a close above the channel, at 8.25 or better.

m2machine, here is the thread on a HAUP.......

m2machine, Here is the info you posted on HAUP, you can copy and repost as you own and I will delete this post.......



HAUP HIGHLIGHTS:

- Revenues of $60M  for the first 6 months of 2007 compared to $51M in 2006
- Net Income of 35c/share first 6 moths of 2007 compared to 21c/share in 2006
- Market cap: $52M ....sales multiple of only 0.5
- $1.1/share cash....ZERO debt
- 4.5M share float
- The company's target market keeps growing rapidly;
- There wasn't any dilution since 1997.

m2machine, What is it with you?
I suppose you did not read the post that was addressed to you here....

http://www.3stocksonfire.org/trading/index.php?topic=100.60

I would think by now you would know to use the search before starting a new thread.
m2machine, the thread you just created has been merged with the one that already existed...
Kill the caps in thread title.

""This is your final warning"!!


"HAUP" Threads have been Merged. "Again"
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                     
All history on a stock pick in 1 thread is awesome.                     
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$       

HAUP IS ABOUT TO BREAK $5 ....THIS LOW FLOATER IS ALWAYS HUGE IN THE 2nd HALF OF THE YEAR

EXPLOSIVE 2nd HALF JUST AHEAD......RALLY STARTS YEARLY IN JULY:

http://stockcharts.com/charts/gallery.html?haup


EXTREMELY UNDERVALUED...P/E = 7 ....P/S = 0.5 CONSISTENTLY PROFITABLE....DOUBLE-DIGIT GROWTH...


--------------- TARGET: $12 IN DECEMBER/JANUARY

HAUP HIGHLIGHTS:

- Revenues of $60M for the first 6 months of 2007 compared to $51M in 2006
- Net Income of 35c/share first 6 moths of 2007 compared to 21c/share in 2006
- Market cap: $47M ....sales multiple of only 0.5
- $1.1/share cash....ZERO debt
- 4.5M share float
- The company's target market keeps growing rapidly;
- There wasn't any dilution since 1997.


HAUP is the clear leader in the TV to PC business and as such it has grown its revenues an net income at double-digit for the last 4 years. HAUP is entering the time of the year when it always rallies. The stock is currently trading at a P/E of less than 10 and a P/S of 0.5 despite its torrid growth. In addition to that, HAUP has a strong balance sheet featuring $1.2/share and ZERO debt.

HAUP is about to release a new wireless digital tuner compatible with the much talked about iPhone. The company is always ahead of the curve when it comes to innovations that are compatible with AAPL and MSFT technologies as well as others.

Just recently HAUP working together with Elgato developed the technology to enable several Hauppauge USB TV tuners to be used to watch TV on Mac computers besides all types of PCs.

Hauppauge tuners are now a standard in many OEMs products and services ranging from AAPL, IBM, PCs, MSFT, ReplayTV, and many others.

ABOUT HAUP:

Hauppauge Digital, Inc. (NASDAQ:HAUP - News) is a leading developer and manufacturer of digital TV and data broadcast receiver products for personal computers. Through its Hauppauge Computer Works, Inc. and Hauppauge Digital Europe subsidiaries, the company designs and develops digital video boards for TV-in-a-window, digital video editing and video conferencing. The company is headquartered in Hauppauge, NY, with administrative offices in New York City, California, Singapore, Taiwan, Ireland and Luxembourg, with sales offices in Germany, London, Paris, The Netherlands, Sweden, Italy, Spain and Singapore.

HAUP IS ABOUT TO BREAKOUT......ITS CHART IS LOOKING BETTER AND BETTER.

THE YEARLY SECOND HALF RALLY IS OFFICIALLY UNDERWAY

TARGET: $12 WITHIN 6 MONTHS......EXPLOSIVE LOW FLOATER

MANY NEW PRODUCTS WILL BE RELEASED SOON IN TIME FOR THE HOLIDAYS. HAUP ALWAYS DOUBLES or TRIPLES FROM JULY to FEBRUARY.


********** HAUP HIGHLIGHTS:

- Revenues of $60M for the first 6 months of 2007 compared to $51M in 2006

- Net Income of 35c/share first 6 moths of 2007 compared to 21c/share in 2006

- Market cap: $48M

- $1.1/share cash....ZERO debt

- 4.5M share float

- P/E about 9

- P/S under 0.5

- Consistent double digit profitable growth

- No dilution since 1997

- Leader in digital and analog PC tuners worldwide

HAUP has been enjoying consistent double digit revenue grow for several consecutive quarters. One reasons is that it is a global company and its financial performance does not depend on a particular region of the world.

HAUP's digital tuners are now integral part of many OEM products , and blue chips such as MSFT, AAPL, and DELL.

HAUP tuners are also integral part of ReplayTV and other consumer electronics offerings.

HAUP is one the pioneers of digital tuners and other digital technology and as such is a natural fit for today HDTV and PC society.

HAUP's USB TV tuners are compatible with Elgato's EyeTV software, bringing TV and PVR functionality to both Mac and Windows users.

EyeTV allows Hauppauge TV stick owners to watch as well as record TV on a Mac, browse the program guide, export video to iPods, drag-and-drop recording to playlists, and record one program while watching another recording with picture-in-picture.

ABOUT HAUP:

Hauppauge Digital, Inc. (NASDAQ:HAUP - News) is a leading developer and manufacturer of digital TV and data broadcast receiver products for personal computers. Through its Hauppauge Computer Works, Inc. and Hauppauge Digital Europe subsidiaries, the company designs and develops digital video boards for TV-in-a-window, digital video editing and video conferencing. The company is headquartered in Hauppauge, NY, with administrative offices in New York City, California, Singapore, Taiwan, Ireland and Luxembourg, with sales offices in Germany, London, Paris, The Netherlands, Sweden, Italy, Spain and Singapore.