Really. Who can stop a partner of Apple? This whole buy-whoever-is-part-of-the-iPad movement is brilliant. I'm a bit slow to recognize...
HAUP hit a high of 4.85 this morning and is now at 4.43 with 17.7 million shares traded. The float is less than 8 million shares. HOWWWLEEE SHEEITT!!!
What's interesting is that with the markets down big (Nasdaq is -2.5%, Dow -188 points, -1.75%), HAUP keeps catching its second wind, third wind, etc. This won't last forever, you know. In a drunk market, it could hit 5.00, but probably not today. But who's going to argue? HAUP was at 92 cents yesterday.
Everything else that's green on my screen is pretty much an inverse ETF or ETN. I'd love to see what the projected revenue will be for Hauppauge Digital products as a result of this app in Apple's products. For now, some Fibonacci numbers.
38% retrace (from Thursday's low to today's high): 3.38
50% retrace: 2.92
62% retrace: 2.45
Will HAUP retrace? Hard to say since this might be one of the nastiest short squeezes in recent years. I wouldn't bet against HAUP. Even Timothy Sykes probably cut his short plan hours ago.
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