3SOF

What the HECK....

Last year Exxon Mobil (Research) recorded the fattest profits on record for an American corporation. The company said it made $10.7 billion just in the fourth quarter, while for all of 2005 it earned $36.1 billion, or about $1,146 a second.

Down 10% premarket. Is it the drop in oil, bad news or a blip. Can't find anything.

uc.

My SCUBA instructor told me on my first dive... Little buddles no troubles .....
its up 2.11% now...


B

Being very busy these days I forgot to put a protective stop on HEC and repeated my old mistake for the 100th time.

My average in HEC is .92 and I should have put a stop loss there. That way I protect my initial investment and prevent a significant loss.

Now I HOPE that this will be just a healthy pullback before another push towards $1 which may or may not happen. Hope is a very bad strategy when trading.
.98 is now double top and I don't like today's selloff on a pretty big volume. Hope .85 will hold or I'll be forced to close this position with a loss after holding for over 2 1/2 years (sad)..

I took all my profit around 0.96... I don't want the profit slip away.. being here @ 0.71

HEC leaves a BIG red ugly candlestick & red spike @ Force Index Closing @ low of the day... I hope this just a normal pullback, goodluck fellow traders

Hi Guys,

Does anyone have any educated insight as to where this stock is heading in the next 2 weeks ?

to me (I'm no expert), Now would be a good time to jump in.

what say you ?

thx

http://stockcharts.com/h-sc/ui?s=hec

Cup and Handle is formed. What is you're opinion?

Big selloff. I'm very mad at myself for not selling when I could. I thought HEC will break $1 this time but should have reacted right away when I realized it couldn't go through $0.98..
Bad closing today which means the selloff isn't done yet. Now I have no other choice but to hold for the next round which might take quite a few weeks if no significant news.
The last time it happened was in October and you see that it took almost 3 monts to consolidate..

Hi Guys,

I don't know what you think but I'm in at $ 0.70. and yesterday's trading (Fri 2/6) confirmed the bounce back.

Let's hope it'll break 1$ this time

Quote from: masternic35 on June 03, 2006, 07:17:27 AM
Hi Guys,

I don't know what you think but I'm in at $ 0.70.

masternic,

I think you have a nice entry into the stock.  Applause.

On March 9, 2006, the ascending line of what now is a year-long Ascending Triangle was validated within a half penny.  On May 19 and 20, that ascending line was RE-VALIDATED at $0.66 exactly.  Players are keying off that trendline and clearly recognize it as important support and as a buying opportunity.

Good luck!

Changed Ticker Symbol.......

"HEC" is no longer valid. It has changed to HKN.


Today's Chart.......

"HKN" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                                    
All history on a stock pick in 1 thread is awesome.                                                       
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.                                                 
Thank You....and good luck with all your trades....make some $$$                 

Name changed and 1:22.4 reverse split on June 06,2007. Opened @ $9.00.......




Press Release Source: HKN, Inc.


HKN, Inc. Reports Change of Name From Harken Energy Corporation and Approval of Reverse Stock Split
Wednesday June 6, 9:30 am ET


DALLAS, TX--(MARKET WIRE)--Jun 6, 2007 -- HKN, Inc. (HKN - News) today reported that its corporate name was officially changed from Harken Energy Corporation and that a one for 22.4 reverse split of its outstanding common stock became effective as of the opening of trading on June 6, 2007. The Company's common stock symbol on the American Stock Exchange has changed from "HEC" to "HKN." The changes were approved by the Company's stockholders at their annual meeting held on June 4, 2007.


The Company effected the corporate name change to better reflect the evolution and present scope of its business, as well as to evidence the Company's efforts during the last three years to reorganize and simplify its balance sheet, streamline its financial and capital structure and to allow a revitalized approach to its operations.

The Company pursued the reverse split in order to increase the per share trading price of its common stock and to thereby appeal to a broader range of investors and potentially improve trading liquidity. The Company also believes the reverse split will enhance its compliance with stock exchange listing requirements. As a result of the reverse stock split, the Company's outstanding common stock has decreased from approximately 220.4 million to approximately 9.8 million shares. The Company did not issue any fractional shares of its common stock as a result of the reverse split. Stockholders that would otherwise have been entitled to fractional shares in connection with the reverse split will receive a cash payment equal to the same fraction of the closing price of a share of common stock on June 5, 2007.

The Company's transfer agent, American Stock Transfer and Trust Company, will send stockholders of record a Letter of Transmittal to effect the exchange of existing stock certificates for new shares representing post-reverse split adjusted shares and with the new corporate name. Stockholders are requested not to send any stock certificates prior to receiving this Letter of Transmittal.

HKN, Inc. is directly engaged in the energy industry through oil and gas exploration, exploitation, development and production activities. HKN, Inc. is engaged indirectly in the energy industry through the management of investments in energy industry securities on domestic and international security exchanges. Additional information may be found at its corporate web site, www.hkninc.com. Please e-mail all investor inquiries to [email protected].

Certain statements in this announcement and inferences derived therefrom may be regarded as "forward-looking statements" within the meaning of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the opinions and estimates of management at the time the statements are made. Management's current view and plans, however, are subject to numerous known and unknown risks, uncertainties and other factors that may cause the actual results, performance, timing or achievements of the Company to be materially different from any results, performance, timing or achievements expressed or implied by such forward-looking statements. The various uncertainties, variables, and other risks include those discussed in detail in the Company's SEC filings, including the Annual Report on Form 10-K filed on February 28, 2007. The Company undertakes no duty to update or revise any forward-looking statements. Actual results may vary materially.

Contact:
     For Further Information Contact:
     Investor Relations
     817-424-2424
     Email Contact
     http://www.hkninc.com
     
--------------------------------------------------------------------------------
Source: HKN, Inc.