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Technology Stocks : HARBINGER (HRBC)

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To: jeff conn who wrote (39)12/9/1997 10:40:00 PM
From: Slim Pickens  Read Replies (1) of 402
 
viwes.com

Try above link. You need to key in HRBC.
It shows HRBC short interest increasing in November.

nasdaqtrader.com

and this link...key in HRBC and hit "view report" to see all the activity for last three months by money managers.

I think the selling since the earnings report and announcement re PRMO came as a surprise to money managers who were momentum buyers up to $42. Look at the one year chart and see the run. The big announcement meant that there would be big one time charges for fourth quarter. Momentum over. Then came the problem of year end portfolio holdings, hense window dressing. Add compounding due to short selling, failure to hold support levels on the way down, and then Oracles earnings announcement and its impact on software sector, and you get to $23.

I like the support at this level. If you do Technical Analysis, I would be interested in hearing from you what the charts are telling us at this point.

I've been buying this week.
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