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Technology Stocks : Harmonic Lightwaves (HLIT)
HLIT 9.185-1.0%12:10 PM EST

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To: Steve Fancy who wrote (3198)1/19/2000 3:22:00 PM
From: Mr. Miller  Read Replies (1) of 4134
 
Unscathed? I think HLIT will beat estimates handily. I do not know about the extreme short term, but long term looks great. Right now, HLIT is trading about 35% above its 50-day moving average of about $76. The 50-day is still accelerating well, getting back to its action of three months ago. So, it is probably slightly high, but this stock could see 50% above($115-$125) in the near term. The excitement about HLIT is only beginning. No telling where momos could take HLIT.

Once analysts get to ask about Divicom, the AOL-TWX deal, and the success of TellLabs' lightwire trial using HLIT's equipment, in addition to blowout earnings, we should see major upgrades from covering analysts.

Look long. If you are trading this...good luck.

Miller
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