Harken Energy [HEC]
209.240.222.131 | Fishy looking repeating cycles.No score for this post | July 21 2002, 10:26 AM |
After adjusting for splits, HEC was at its highest point in 1981 at $240. It fell dramatcially in 1982 then rose to 70 in 1984, fell, then hit 70 in 1987, fell, then hit 70 in 1992, fell, then hit 70 in 1997. Currently it's at an all time low after a reverse 1:10 split-- and it's still only worth 39 cents-- which means that before the split it would be 4 cents. The SEC delists stocks under a dollar so this is looking worse and worse for HEC.
HEC appears to have been an insider money machine over the past 20 years, regularly falling to accomodate the insiders and shear the public, then rising to take the insiders on a gravy train. No current news reports comes close to the depth of my analysis, right here. You read it here first.
It's obviously too late to get HEC, though it might have been a good TW stock in the mid 1999's. It's going to be several years before HEC is ready to fly again, if it ever does. What a strange stock this was. | |
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