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Technology Stocks : Harmonic Lightwaves (HLIT) -- Ignore unavailable to you. Want to Upgrade?

To: Lane Weatherly who wrote (4053)	7/29/2002 2:47:50 PM
From: Jon Cave	Respond to of 4134

Market sentiment sure makes a big difference. I didn't buy any on Friday because I was traveling and kind of in shock that it fell to the 1.20ish area. So today, I added a few more shares at 1.50 ish today and watching the $2.00 level very closly. Might get one more pullback to buy on a small dip. Then again if the train is leaving the station, I might just add some more at the 2 ish level. Good luck!

To: Lane Weatherly who wrote (4053)	7/29/2002 3:23:56 PM
From: Czechsinthemail	Read Replies (2) \| Respond to of 4134

In the midst of a major selloff, it is easy for people to have their view of a stock disconnected from the fundamentals. Even with today's run, HLIT is priced as a value stock: it has been trading below book value and at an extremely low price to sales, with virtually no debt and near breakeven results. Then consider that the company is positioned for substantial revenues from cable and satellite deployment of VOD, HDTV, and broadband. There is an enormous opportunity for appreciation especially relative to the downside risk. When the stock price drops sharply, the deer-frozen-in-the-headlights syndrome coupled with rush-to-the-eject-button behavior kicks in. People try to grasp at a good reason to explain the stock price decline. Might as well chalk it up to absurdity. The same thing occurs when the stock starts to rally. What's the reason? Perhaps just people coming to the conclusion that the stock was ridiculously cheap and deciding to buy. I was pleased to be able to pick up more shares while the stock was below $2. Of course, I think people picking up shares above $2 are likely to be very happy 6-12 months from now when the stock is trading substantially higher.