Harken Energy Corporation (HEC) Message Board

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Gold/Mining/Energy : Harken Energy Corporation (HEC)

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To: Ed Ajootian who wrote (3755)	12/3/1998 10:15:00 PM
From: Zeev Hed	Read Replies (1) of 5504

Ed, I am counting on some good news as well as a dead cat bounce in crude to get a temporary lift. I am also counting on the floorless needing better prices to redeploy some of the shorts they covered today (that is why I like those volume/price reversal days in floorless, this was not exactly one, but if the market did not collapse toward the end of the day, it had the making of closing well above the bottom). Yet, I do not expect this rally to carry beyond $3, and I would be quite happy to cash in with anything above $2.75. Remember, I am not a long term investor in this situation until the financing is cleared up. Right now, the European floorless time bomb could convert for some 40 MM shares, huge dilution. I think that if the stock goes toward $3, the bandits will be throwing short at all the enthusiastic buyers, even if the drill bit hits a bonanza. Zeev

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