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Technology Stocks : HARBINGER (HRBC)

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To: Mike Redding who wrote (290)5/7/1999 10:42:00 AM
From: Marty  Read Replies (2) of 402
 
I think my post was right on then and it still is. As you can see from the chart

stockpoint.com

The stock dropped from 25 to 5 from July to October and back to 8 or 10 when I posted in November. I still think it is pathetic performance for a Company in the business HRBC is in.

There are a lot more shareholders in at purchase prices above the current level and that represents overhead supply because they are waiting to sell to recover their costs, if it ever gets there again. You may want to congratulate those who bought at the low and doubled in six months but there are still many more who lost half their money in less than a year. If it goes to 50 in a few months, you can congratulate yourself because it turned out not to be dead money after all.
I, for one, am glad I am out of it. I made a lot more on the same money with other stocks.
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