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Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?


To: Arktic who wrote (5185)12/5/2000 11:56:08 AM
From: Rod Copeland  Respond to of 5504
 
Paul,
I haven't a clue. Low volume and small trades.
Rod.



To: Arktic who wrote (5185)12/5/2000 12:00:26 PM
From: Richard Mazzarella  Respond to of 5504
 
Paul, tax loss selling. I'm surprised to see it hit $2.50 already. It was $3 when I posted last. I think we will see more tax loss selling before the low is reached. My interest at $2.50 may be much too high considering the ease of reaching that price so quickly. I'm changing my target to somewhere around $1.75.



To: Arktic who wrote (5185)12/5/2000 7:34:01 PM
From: Zeev Hed  Respond to of 5504
 
Paul, I think that what you saw today was accelerated selling in very weak stocks with little short term prospects to free funds to run after the roaring markets. I fear that will prove a double whamo for those. I read AG's speech twice, and it was positive only in comparison to earlier statements. He still fears that sustained high oil prices may trickle down as inflation. One of the most important remarks he made IMHO, was that the loans to deposit ratio at the banks is at a record high, not a healthy situation, since that implies closing the financing window to less than perfect grade borrowers (like this little darling). I would suggest you wait for your next instalment to a least March of next year. I think you should be able to get some stock under $2, maybe even under $1.5. I believe this is in congruence with my $.02 advice of Nov 11 (under $2.5 and possibly even under $1.5).

Zeev

irrevolute.iuma.com