Ask DrBob Message Board - Msg: 14245799

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	8/21/2000 3:00:33 AM
From: heehee1	Read Replies (1) of 100058

Lakeoffice, re: Hlit I've been following Hlit for the last 10 months. Rode it up to 110 from 60ish. Thank god didn't ride it down, but continued to have it on my watchlist. The extent of the recent drop is unjustified IMO, but didn't dare jump back in until signs of life surfaced.I noticed the resusitation on Fri from 24ish but didn't jump n until 26. Traded it a few times, bought back in around your price at the close, looking for a pop to atleast 32. Hoping mo-mo and technical traders will jump in. If it breaks thru that, could close gap at 40? Will watch closely. Rumor of buy out by ADCT may be legit if no one disputes it. Besides, I understand one of the directors on board made a 40,000 shares purchase at average price of 29 1/2. 1.2 mil worth.I understand he is quite astute with timing. Will post link to insiders trade if you're interested and if I can find it. Meanwhile, I'm holding 2000 shares of it and looking to get more if it breaks thru 32. Here's to us and HLIT.

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