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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Arktic who wrote (85522)1/28/2001 5:10:53 PM
From: Razorbak  Respond to of 95453
 
Harken Energy (HEC) - Up 24% Friday

Thoughts regarding the massive runup in HEC (62%) since thursday afternoon?

5-day Chart: quote.yahoo.com

Paul:

Some astute fund manager must have seen my post about Harken Tuesday night and decided to act. <gg>

Message 15234377

Seriously, though, I think this recent move is related to the fact that they now have three wells being drilled simultaneously, and people are speculating on a positive outcome being announced soon. Whether there is any substance behind this speculation is anyone's guess. I have no idea, myself, but I'm not at all surprised to see the stock move as rapidly as it did. It has been known to do that before, which is one of the reasons that I bought it in the first place.

Razor

PS - Aren't you glad you averaged in before the move, rather than wait, like Richard and Zeev, on the sidelines? ;-)