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Technology Stocks : Harmonic Lightwaves (HLIT)
HLIT 9.620-0.7%Feb 5 3:59 PM EST

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To: Mad Bulgarian who wrote (2802)6/5/1999 9:15:00 AM
From: jmanvegas   of 4134
 
Market has 1/4 rate factored into right now. Bonds approaching 6 1/4% will get bought up bigtime IMO. A bond market rally from there would boost the stock market dramatically. Deflation in commoditites would hold back overall inflationary fears - (oil has even turned down recently). Harmonic on a roll - advanced new products, increasing sales, turning a profit, growth rates excellent, and is a key player in the backbone of the convergence of TV and the Net. Despite all the news about the tech wreck, especially in pure Internet plays, HLIT's chart has held up technically and is looking to breakout to new highs. Institutional ownership increasing. I'm buying - looking for 60's near term with a run to the 70's. This stock could reach 100+ in 12-18 months. Wouldn't surprise me if it did it sooner, assuming everyone calms down about the economy going into the tank because of a blip in CPI last month. These backbone Net plays are where it's at!!! Good luck to you.

jmanvegas
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