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To: h.l. meeks who wrote (2889)11/17/1997 6:56:00 PM
From: Bill Harmond  Respond to of 27307
 
Yes. First thing this morning, and I agree...the trading was not good. The only redeeming thing I can is that most of the volume occurred in late trading as the bid firmed up from 32 3/4 to 33 1/8.

I had told myself months ago that if it got down to 33 I'd buy it again. I've been looking at this chart 20 different ways during the last hour, and I'm sweating it. I don't like the outside-range day. It may break.

On the other hand, fundamentals seem ok, business has been strong. Last report I read from DMG placed a $48 year-end target on it. Earnings were a bit ahead in Q3.

I don't think it's a buy now though until it acts better.



To: h.l. meeks who wrote (2889)11/18/1997 12:48:00 PM
From: Bill Harmond  Respond to of 27307
 
Off-topic.

Looks like HNCS has found its footing here. DMG reiterated their buy this morning, says the stock is drifting, selling at 37x their '98 estimate of $.90, growing 65%+, and has met or exceeded their estimates every quarter since coming public.

Relieved.