Hauppage (HAUP) is the latest in a line of small companies that are getting the boost of their lives thanks to Apple's iPad, iPhone and Mac products. HAUP jumped from a mid-day low of 0.92 to 3.48 with a press release announcing a relationship with Apple to provide tuners (TV). HAUP slipped to 3.03 by the close and is at 2.82 in afterhours trading, still a huge gain. Shares were below 1 buck until late April and have been volatile since.
Fibonacci retracement for HAUP based on today's low and high:
38% retrace: 2.51
50% retrace: 2.20
62% retrace: 1.89
Does HAUP return to these levels? Probably. There are too many remaining shareholders who have been waiting for a chance to break even or make a small profit. Overhead supply. A return to 2.51 would pique a little interest. But if this relationship with Apple is truly productive for Hauppauge, anything below 2 bucks is nice, and anything below 1.50 is probably a steal.
Unrelated (probably) to the Apple deal, here's a sample of what a Hauppauge tuner looks like. This looks cool, too. Plug it into the laptop, go camping and watch TV in the woods or at the beach.
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