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Technology Stocks : HARBINGER (HRBC)

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To: jeff conn who wrote (72)1/30/1998 2:45:00 PM
From: Slim Pickens   of 402
 
Hi Jeff, IMHO earnings aren't too important. With the PE on HRBC, owners are looking to the future. Short term, may see dips like this, especially around earnings since last time earnings came out stock fell from 42 to .... way low. I expect some bad news but nothing long term. I'm playing it like this:

I am remaining long the stock. Today I bought back all my covered calls for Feb. Then I bought calls for Feb$30 for $0.25.

This stock is very volatile but there is a core of buyers who really like it long term. I am one, and I depend on the others to step in as it swings low.

Let me know what you do.

Good investing,
Slim
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