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

To: Arktic who wrote (3065)	6/30/1998 6:44:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 5504

Paul, I do not short stock and for people like you and me shorting unmarginable stock is tough. When see a floorless situation it is to me an indication that other means of financing are closing down. The same happened in Arakis, it caused dilution from 25 MM shares to close to 100 MM shares in a period of about six months and the stock went from the post Alexander era of 10 to 2. It is still struggling down there despite the fact that their current book value is at around $2.1 share (same basis as the $.69/share I calculated here). Zeev