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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (4526)1/1/1998 11:23:00 AM
From: David Alan Cook   of 42787
 
Chris,
I recommended buying HNV at $1.50 Ask with a 12 month target of $4.
My 3 reasons for Buying HNV are:

1) Strong Insider Ownership with recent insider buying.
* Insiders own over 50% with recent insider buying. . . See Basil P Regan's 13d. . he has been filing these lately . . buying lots of shares.

2) Positive Technical Indicators - Looks like a Stan Weinstein Long *Term Consolidation and then breakout stock. Most of my technical indicators are bullish.

3) New Mgt has shown initial signs of turning this company around. *The Company has now reported 3 back to back qtrs of lower losses. I am looking for a return to profitability in the 4th qtr.

I tend to take a longer term view on turnaround stocks. HNV appears to be turning its operations around. Will be watching the 4th qtr numbers for a possible target upgrade.

DC
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