HURC Hurco coming on strong Message Board

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Strategies & Market Trends : HURC Hurco coming on strong

HURC 15.48

-0.3%

Dec 31 3:52 PM EST

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To: Just My Opinion who wrote (347)	11/6/1997 1:25:00 PM
From: TLWatson59	Read Replies (1) of 380

Al-len: Most impressive technical picture. Your key support level is above $8 at this point. Near term to intermediate term upside projecton is the $10 - $14 range. Longer term potential for $15 - $18. Marvelous recent buying opportunity during the recent panic sell off. Snap back confirms bullish strength. A quick look at fundemental picture shows real promise. If these patent infringement awards hold up, particularly with respect to the Japanese infringments, you are looking at very promising future earnings. This happens to be an area I followed when I ran a research department, more years ago than I care to remember. At one point, CNC was controlled by the U.S. machine tool industry but fell victime to Japanese pirating as did many other technical developments here. If HURC is able to enforce any court awards in Japan they could well increase revenues substantially over the long term. Bottom line this looks like a good speculation both as a trade and especially for those atuned to looking for long term capital gains. When I get a chance I will try and attack the financials to see what underlying asset values may exist. Hope this is of help and bear in mind just MOPO. Good luck, TLW

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