Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: SliderOnTheBlack who wrote (3963)	12/30/1998 11:44:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 5504

Slider, yes it is an opportunity, but I see it only as a temporary one, one in which the floorless manipulate the stock , IMHO, once more to allow them the establishment of a new very low ceiling (sub $2 for sure now) and then a rally into which they can short against their preferred. After that rally, additional and greater floorless issues will come to bear on the stock, IMHO, unless, of course their proven reserves start and shoot pass the billion barrels mark. Zeev

To: SliderOnTheBlack who wrote (3963)	12/30/1998 9:01:00 PM
From: jackie	Read Replies (1) \| Respond to of 5504

Slider, Also, just look around yourself on this and the Yahoo thread. It is filled with fear, loathing, and despair. Classic psychological tell tails of a market bottom. Its people who set the market prices and the people are scared and upset. The PKC acquisition will have a negative effect, large one I would think, unless it is already discounted in the price. Tomorrow is the last tax loss selling opportunity for this dreadful year. My TA expert has told me oil has hit the bottom. Market refuses to give any credence to the Bolivar finds which are already under Harken's belt. The market reaction to the Bolivar strikes have weighed heavily on the minds of the management and no doubt explains the slowdown in exploratory activities. The correct move, in spite of what everyone has said about the broken promises of HEC management, in this environment. Remember these plans, not promises, were made in those halcyon days of $17+ oil. Things have changed folks. It would be imprudent, no stupid, to spend a lot of money to do something no one cares anything about, finding oil. There are layoffs down at the plant and Daddy has decided it would not be in the long term interests of the family to go to beach this summer. So, are we all as contrarian as we think we are? You'll know tomorrow. I'm backing up the truck and picking up another load. Been buying all week. We'll see. Jack