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

To: Don Crespino who wrote (3351)	8/9/1998 8:47:00 PM
From: Ed Ajootian	Read Replies (3) \| Respond to of 5504

Don, Looks like you should be done with any margin calls for awhile buddy. The fact that HEC rallied on the recent hype is a clue that the hard-core oil folks at least are still paying attention to this turkey. As long as we can keep this rally going until Labor Day we'll be home free --- that's when the Joe Sixpacks will be back from the beach and looking for a nice low-priced stock to shoot for the moon with. Was pleased to see Mikel put out a "half-time" report on proved reserves. I think this makes enormous sense for a company which has done as much as HEC has since last year-end. Only problem I have with this was the timing. Would have had better effect to put out the reserve report on or after the day they announced 2nd quarter financial results. As we know the 2nd quarter is gonna suck wad with oil prices having been as low as they were, so why not put that bad news out first and then clean the decks for the good news. Whatever, not a big deal in any event since the big boys are obviously not going to sell on the 2nd quarter news. For any poor slob that actually believed the jive that Z-man was throwing out and sold their HEC position, they oughtta seriously considering jumping back in now, while they still can without having to pay more than what they sold for. Who knows, if this thing keeps a rally going we may even induce Z-man & Co. to start covering their shorts, thereby fueling even more of a rally!