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

To: Arktic who wrote (5261)	1/28/2001 5:34:12 PM
From: Zeev Hed	Respond to of 5504

No I have not looked at it recently (it is not on my "radar", it should be). The last few days action and the break through $4 with volume is certainly an indication of something brewing. Right now, the next resistance area is in the $9 to $10 area. I am not sure if it will go to the $30/$40 you are hoping for, but who knows. I see that SEV has also doubled from the late December lows, so it might be a sector thing rather than just HEC. Since you have it from under $4 (if memory serve, and I presume you bought more at $2.5?), the wisest thing would be a stop loss just under $4 since that should provide a very strong support. I have general weakness in the market starting late next week, but that relates more to the high tech than to natural resources, thus the target of $9 to $10 might very well be achieved, particularly if there is something serious going on. Good luck Zeev