SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (3568)10/2/1998 7:07:00 PM
From: Razorbak  Read Replies (1) | Respond to of 5504
 
Happy October

Goodness, Zeev, is it October already? My, how time flies!

Razor



To: Zeev Hed who wrote (3568)10/5/1998 7:08:00 AM
From: Ed Ajootian  Read Replies (2) | Respond to of 5504
 
Z-Man,

Thanks for the heads up. I have no desire to be a hero here so any info. (positive or negative) about this company would be highly appreciated at this time.

Think I'll step to the sidelines 'till the big boys are done dumping. Would you be so kind as to let me know when this is the case?

Better yet, could you tell me where this kind of information is available? I was of the understanding that the ASE specialist's "book" of outstanding orders on a particular stock is not public knowledge.

My thinking about buying more for under $3 is as follows. If they hit on Islero its a $5 stock easy, maybe even $6. If they miss the stock gets immediately trashed, but once the Bolivar pipeline gets hooked up next year and they hit on more of the development wells there (an extremely high probability), the stock should recover to at least $2.75. Strain projects $.60 a share cash flow for the yr. 2000, just based on the oil they've discovered so far. So it is highly likely that the stock will be trading at at least 5 x the next year's cash flow, once that cash flow becomes visible.

So as long as someone is willing to keep their money in this stock a year, they are basically wagering a quarter for a shot at $2 - 3 of appreciation. I really like those kind of bets!