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


To: Arktic who wrote (5422)4/17/2002 7:21:07 PM
From: Richard Mazzarella  Read Replies (2) | Respond to of 5504
 
Paul, I think we are seeing shareholder capitulation at the bottom. I thought ~$0.90-1.00 the bottom, but obviously wrong. I do believe the stock severely undervalued, concerns about debt not a significant issue. Unfortunately, I bought my HEC allotment and won't chase a falling knife now. IMO there's little reason other than panic forcing the price so low. It could be a great buying opportunity, or the signaling of an impending Chapter 11 for some reason yet undetected. Good luck whatever you do.