[Opening Position in Harmonic, Inc (HLIT)]
Dear Member:
Harmonic, Inc. (HLIT) designs, manufactures, and markets digital and fiber optic systems for delivering video, voice, and data over various networks. It has recently bounced up off a multiple level support and stochastics have turned over. I like the stock on a day order to buy with a limit of $8.30. If filled, and I turn out to be wrong on the direction, my initial exit would be at $7.70 so, absent any gaps, I would be risking about 60 cents a share.
DISCLOSURE: At the time of publication, I have no shares of HLIT.
Sincerely,
Bill Kraft
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