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

To: Ed Ajootian who wrote (3445)	8/19/1998 11:55:00 PM
From: art slott	Respond to of 5504

Hi Ed, its good to have good ole mo back with us again. The tape is on our side. Might go below 50 in NJ tonight. People are thinking oil stocks again. Happy days are..... Art

To: Ed Ajootian who wrote (3445)	8/20/1998 10:13:00 AM
From: MskiHntr	Read Replies (1) \| Respond to of 5504

Ed, could those blocks be short covering or informed investors taking a position when there is size available? Is there any new corporate news? Pls advise. Thanks. From a TA perspective looks like 4 1/2 could prove to be stronger resistance than 4 1/4 (the 50 day M.A.) Best,

To: Ed Ajootian who wrote (3445)	8/22/1998 10:32:00 AM
From: Razorbak	Respond to of 5504

Wait & See Ed: I'd prefer to wait until the carpenter replaces the f***r before wandering around blindly feeling for the light switch. ;^) Razor

To: Ed Ajootian who wrote (3445)	8/22/1998 12:01:00 PM
From: Rod Copeland	Read Replies (3) \| Respond to of 5504

Ed, I just revisited some of Razorback's posts. I think I have missed something. Since you are a CPA, and I have a degree in accounting, maybe you can help me out here. I have not stayed current in the accounting arena (except for O & G) because I have been running my own oil company for the past 18 years. I never knew there was anything but "Working Capital". If it is working capital, then isn't it "effective"? Razor seems to be heading off on another tangent that makes no accounting sense to me. But then, I am not the smartest guy on the planet either. Perhaps he didn't learn what "cash flow" is, because that appears to be what he is talking about when he (emulating Zeev) wants to coin a term called "effective working capital." It sounds like a bunch of "Hog" wash to me. <ggg> He obviously has bought into Zeev's concept and is looking for more justification for waiting to buy in. It is good that he has found the time to look over the situation. For him, it is the right decision. As for me, I have to thank Zeev over and over again. He has helped me take advantage of the latest buying opportunity. Unfortunately, many investors who bought his concept will miss out. I wish people would think a little more about what kind of company HEC is. This isn't a situation where you are going to have "Cash Flow" in the early stages of development. Its going to take more money than you can generate internally to get the wells onstream. If you want to get in on the ground floor, then you have to understand that. If you don't want to take the risk, then you can wait until they have put the production onstream, and buy their stock at a higher price and take the slower growth rate while they service the debt. It is the age old risk-reward equation. Play now, take risks, maybe make lots of money. Play later, less risks, definately not make as much money. What do you think? I am sure liking my $3/sh now, but I know if Islero is dry I could be sorry for a little while too. You just have to recognize the risks you are taking. Where the He** is Gabriela when I need her? Keep Smilin' Rod.