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

To: Ditchdigger who wrote (3925)	12/23/1998 10:31:00 AM
From: art slott	Read Replies (1) \| Respond to of 5504

Scroll down to Sev and Hec. TECHNOLOGY INVESTMENT PUBLISHER December 21, 1998 International Digital IDTX-Nasdaq IDTX has it all as far as we are concerned; a share price that has been cut in 3, now trading at .65c. Institutions buried to the tune of 3 million shares at above $2. Prominent group of insiders worth millions, and determined not to fail. The president built "Mailboxes Etc" into a multi-million dollar business before he sold out for serious money, and intends to apply the same franchising principles here. Our guess is that whoever furnished the shell before the business was rolled in has been unloading stock. We are buying in this price range, .68c and have paid as much as .85c in the past 2 weeks. $1.30-$1.70 will be our exit point. Contrarian Plays The contrarian in us has been loading up on Seven Seas Petroleum (SEV-AMEX) and Harken Energy Corp (HEC-AMEX), both oil plays both in Colombia, both drilling right now as we speak into the same formation from different points. Both are looking at a minimum of 20,000 barrels from these new potential wells. SEV is the cleaner albeit pricier play with 24M out; Insiders own approx. 30%. Proven probable as of now in the 1.5 billion barrel range. Opeenheimer / Michael Metz had a target of $60 when the stock was trading in the twenties earlier this year. We love it here between $5-$6. HEC is a bit of a hog with more than 100m out, but trading at less than $2 from a year high of 6.50+ We are buying here under $2.00 with a potential for $3.00 short term. The chart looks for major breakout on SEV if it cracks 6.80, HEC will need lots of volume. Investor Bytes Waiting for their turn in the limelight are: AGC-ASE, flipping out another 14,000 shares today as tax-loss season continues; INS-V holding very well under junior market conditions - we expect this to become hot and heavy out of the gates in 1999; KMV-V is our sleeping giant - we are quietly accumulating; RRL-V is an interesting oil shale play with explosive upside potential as the story widens - underpromoted for now. Have a great day! ______________________________________________________________ DISCLAIMER: The information presented in The Intelligent Investor's "Technology Investment Publisher" is not an offer to buy or sell securities referred to herein. By no means is the above company information complete. One should obtain financial statements and a full due diligence package, including chronological news releases, from this company prior to reaching any investment decision. One should also use the full battery of available technical analysis (including stock charts, moving averages, etc.) and consult a licensed financial advisor for an independent opinion. The Intelligent Investor is not in the financial advisory business. The Intelligent Investor is not responsible for the outcome of anyone's investment decision.

To: Ditchdigger who wrote (3925)	12/23/1998 9:15:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 5504

Merry Christmas DD, Nice to see you're still makin' some $$$$ at this. PKC's deal is for a fixed number of shares. I keep tabs on SKI only to from a skier's perspective and not an investor. Hope he can finish The Canyons expansion before he goes under -- the plans look totally awsome and no one else would have the guts. Let me wish all here a great holiday (& that even goes for Z-Man and Razor!). If you guys remember nothing else, remember this: MARLEY WAS DEAD --- AS DEAD AS A DOOR-NAIL!!!