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Up 3 days in a row with about a 20 cent gain so far on good volumes. Haven't looked at who is buying, but looks like it has found some support.Novski said:I agree with you on this one Porper. HDR has no support at it's last low of $1.36 and seems likely to continue it's downtrend, unless it creates a support around this mark. Otherwise it could be heading for 80c or even 60c where it has some support from 3+ yrs ago.
Novski
porkpie324 said:HDR really got me today, took a long cfd pos on an early rise on good vol, ended up dropping thru the floor this afternoon really bit me
CanOz said:Im not sure what happened there....it opened strong this morning then it almost looks like its been marked down step by step to remove stops or sellers with alot of volume present....could it be accumulation? It would have to be....you wouldn't distribute into that kind of weekness?
It will be interesting to see how it finishes the day today, then the week.
HDR is both fundamentally and technically weak at the moment and so I definately wouldn't go long as well. The chart says it all and I think what we saw this week was a suckers' bounce or dead cat bounce (whichever you want to call it). Fundamentally, there is still uncertainty about what volumes Chinguetti can achieve in the future. I believe HDR could have further to fall and am looking out for an opportunity to short some CFDs. If there is no positive news coming from management, HDR could easily fall to about $1.20 and further.Porper said:I was stopped out of my short position yesterday unfortunately, only to see it drop today.Still could be a trade so I will be watching carefully.I certainly wouldn't touch it on the long side.
Just need a low risk set up now.Not sure there is such a thing with this stock though.
porkpie324 said:over 75 mil shares traded on last 3 days so someone is has some confidence all the bad news may be behind.porkpie
yogi-in-oz said:Hi folks,
HDR ..... ticking up nicely and right on time, too .....
So now, we will be looking for more positive cycles,
around 18-22092006 = September equinox, then
another positive cycle, about 03102006.
Late-October and early November 2006 should see
a pullback with several negative cycles coming into
play, particularly 01-07112006.
From 24112006, through December 2006, we should
see the fire build under HDR, until it boils from
05-09012007, in a strong rally ...???
happy days
yogi
P.S. ..... EWs first need to agree, just where their count
STARTS, before they will have any hope of making an
accurate forecast ...
yogi-in-oz said:
Hi folks,
HDR ..... as per post above on 22 August 2006, we have
a positive move today, as HDR lifts off its recent lows,
ahead of the next positive time cycle, expected around
03102006 .....
have a great weekend
yogi
yogi-in-oz said:
Hi folks,
HDR ..... ticking up nicely and right on time, too .....
So now, we will be looking for more positive cycles,
around 18-22092006 = September equinox, then
another positive cycle, about 03102006.
Late-October and early November 2006 should see
a pullback with several negative cycles coming into
play, particularly 01-07112006.
From 24112006, through December 2006, we should
see the fire build under HDR, until it boils from
05-09012007, in a strong rally ...???
happy days
yogi
P.S. ..... EWs first need to agree, just where their count
STARTS, before they will have any hope of making an
accurate forecast ...
yogi-in-oz said:...... looks like it will be Moet for you Kennas .... !~!
happy days
yogi
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