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To: Instock who wrote (650)	1/17/1998 1:42:00 AM
From: DLS	Read Replies (1) \| Respond to of 1488

Instock, regarding HCOM. I have read a number of your posts and respect your opinion. Do you think that the HCOM drop is related somehow to the $2million worth of convertables announced at the end of December? I think that it is interesting that the stock shot up so high in the months before December. In September I think they reported higher earnings with total income of $2.5 million for the period but showed a $3.5million loss compared to $158k previously, even though it was probably due to capital investment, this would not have inspired me to buy it back then. I would suspect that this may actually be a short candidate. Your comments would be appreciated. DLS