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Technology Stocks : HDRN Hadron, << Bulletin >>

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To: MarcG who wrote (29)12/30/1997 10:45:00 PM
From: MarcG  Read Replies (1) of 51
 
Happy New Year All HDRN lurkers.
Is anybody out there? Did anybody catch HDRN's move in 1997?

As the year came to a close, HDRN succumbed to profit taking. The high for the '97 year was set about a month back at $2.75. The stock traded 4.3k volume
today, the spread narrowing to 1/8, $1.875 bid X $2.00 offer, last $2.00, up 1/8 for the day.

I, for one, am still long HDRN. I think there is some short term support at this level, although a further dip of 1/4 wouldn't surprise me. We're about 5 weeks away from the fiscal second quarter earnings announcement, but management and employees will have a pretty good idea of how this quarter shaped up alot sooner. The lack of corporate communication to its shareholders and/or news developments is probably what's holding HDRN back.
Watch for a pick up in volume to produce a short-term trend reversal.

My projection for HDRN's stock price
by July, 1998 is $3.00-$5.00 per share
based on my 1998 estimated earnings of $0.15-0.25 X a 20 PE multiple.

MG:

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