HDR - Hardman Resources
- Thread starter Lucstar
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Re: TZL and HDR
Have a nice weekend
Stefan
Any pullback would be in the form that we saw today. Which wasn't really a pullback as it still closed higher than yesterday. It just came back from it's intra day high of 2.43. I don't think this stock will fall much until they come up with bad news about one of their drilling rigs.
Have a nice weekend
Stefan
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Re: TZL and HDR
There are so many drilling programs happening, you can't put a date on it. The Mauritania project is just one of many others and that alone will take us into the end of the year. There will be news every week. Sometimes it will be substantial and sometimes just an update.
I strongly feel like you sould be patient with this one. We've only just seen the beginning of it and it's looking VERY tempting. Mind you I'm a longterm investor so my targets may be different from yours.
Have a nice weekend
Stefan
There are so many drilling programs happening, you can't put a date on it. The Mauritania project is just one of many others and that alone will take us into the end of the year. There will be news every week. Sometimes it will be substantial and sometimes just an update.
I strongly feel like you sould be patient with this one. We've only just seen the beginning of it and it's looking VERY tempting. Mind you I'm a longterm investor so my targets may be different from yours.
Have a nice weekend
Stefan
RichKid
PlanYourTrade > TradeYourPlan
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Re: TZL and HDR
I wrote a lengthy reply to the last few posts but this stupid thing logged me out so I lost it all when I submitted it!
Sorry but here's the short answer.
Dorade will decide if it shoots through as it will open up a new area- a bonus for HDR. Most other results have defined expectatons (see todays announcement confirming estimates) but I expect it to get through the old resistance at some stage. IMO no double top but it's too early to call, volume also picking up. Any reversal will be temporary. I use HDRWMI for leverage. I have visions of HDR becoming an Aussie icon unless it's taken over (but I'm a dreamer). Directors like pocketing cash from a good deal so they may sell some of it's smaller interests in other ventures at the right time but HDR is a global co. and more than just a Mauritiana play. Be aware of you expectations for HDR and realise it is risky, can go down faster than going up.
I wrote a lengthy reply to the last few posts but this stupid thing logged me out so I lost it all when I submitted it!
Sorry but here's the short answer.
Dorade will decide if it shoots through as it will open up a new area- a bonus for HDR. Most other results have defined expectatons (see todays announcement confirming estimates) but I expect it to get through the old resistance at some stage. IMO no double top but it's too early to call, volume also picking up. Any reversal will be temporary. I use HDRWMI for leverage. I have visions of HDR becoming an Aussie icon unless it's taken over (but I'm a dreamer). Directors like pocketing cash from a good deal so they may sell some of it's smaller interests in other ventures at the right time but HDR is a global co. and more than just a Mauritiana play. Be aware of you expectations for HDR and realise it is risky, can go down faster than going up.
RichKid
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Re: TZL and HDR
Sydney Morning Herald article on Mauritiana campaign 'JV partners hit black gold in Mauritiana'. I didn't realise the column of oil they hit was that significant (ie biggest in Mauritiana to date). Good summary of recent events:
http://www.smh.com.au/articles/2004/10/08/1097089569441.html
Sydney Morning Herald article on Mauritiana campaign 'JV partners hit black gold in Mauritiana'. I didn't realise the column of oil they hit was that significant (ie biggest in Mauritiana to date). Good summary of recent events:
http://www.smh.com.au/articles/2004/10/08/1097089569441.html
RichKid
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Re: TZL and HDR
It's impossible to give recommendations on price for legal and practical reasons, especially since I'm not an expert.
There's always a lot of activity in the morning before things settle so you never know. If you have access to the first few hours opening trades for the last month or two of mondays it'll probably give you an estimate of what to expect. Don't know where to get that info myself. I'm not a day trader so my price outlooks are closer to weekly and monthly trends.
As for that news article it merely summarised information that was released to the market previously. I thought it was a good summary, hence the posting.
My personal expectation is for HDR to go through $2.50 in the next week or two. It is not a recommendation merely my guess.
It's impossible to give recommendations on price for legal and practical reasons, especially since I'm not an expert.
There's always a lot of activity in the morning before things settle so you never know. If you have access to the first few hours opening trades for the last month or two of mondays it'll probably give you an estimate of what to expect. Don't know where to get that info myself. I'm not a day trader so my price outlooks are closer to weekly and monthly trends.
As for that news article it merely summarised information that was released to the market previously. I thought it was a good summary, hence the posting.
My personal expectation is for HDR to go through $2.50 in the next week or two. It is not a recommendation merely my guess.
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Re: TZL and HDR
First, the market will rally tomorrow because of the Jonny winning the election. Secondly, oil is still rising. Third, there is a good chance that we will have more good news from Mauritania on Tuesday.
The only other thing is that there may be some profit taking on HDR soon. It is already fighting in the mid 2.40s and there is a lot of selling happening. Mind you, it has come a long way but the potential for much more is probably on people's mind as well.
I will not sell this one for a quick profit. I have shifted my portfolio and I have other shares that I will consider selling instead. I think it is rather tricky to sell a stock only to buy it back on a pullback. Normally taxes are killing most of the profit you make in between and it is always hard to find the right moment to buy back in again.
If you are not holding HDR but are planning to buy into it this week, then you're going to find it rather hard to decide.
As far as I can see, HDR is mostly strong in the early morning trading and it tends to lose a bit towards lunch provided that there is no news. It can easily open 5-7 cents higher than the day before but it often loses that gain after a few hours.
Just my 2 cents worth of thinking. It could just as well go exactly the other way around.
Happy trading
Stefan
There are several factors that would support this statement.
First, the market will rally tomorrow because of the Jonny winning the election. Secondly, oil is still rising. Third, there is a good chance that we will have more good news from Mauritania on Tuesday.
The only other thing is that there may be some profit taking on HDR soon. It is already fighting in the mid 2.40s and there is a lot of selling happening. Mind you, it has come a long way but the potential for much more is probably on people's mind as well.
I will not sell this one for a quick profit. I have shifted my portfolio and I have other shares that I will consider selling instead. I think it is rather tricky to sell a stock only to buy it back on a pullback. Normally taxes are killing most of the profit you make in between and it is always hard to find the right moment to buy back in again.
If you are not holding HDR but are planning to buy into it this week, then you're going to find it rather hard to decide.
As far as I can see, HDR is mostly strong in the early morning trading and it tends to lose a bit towards lunch provided that there is no news. It can easily open 5-7 cents higher than the day before but it often loses that gain after a few hours.
Just my 2 cents worth of thinking. It could just as well go exactly the other way around.
Happy trading
Stefan
RichKid
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Re: TZL and HDR
I haven't looked at those patterns properly but I tend to agree with you Stefan to the extent that if it moves quickly in one direction in the first few hours it usually does the opposite towards the end. So it can fall off early but recover towards the arvo and vice versa. Best to look at the price for trend purposes near the end of the day when the smart money appears. The good thing going for HDR this week is that last weeks results were great and it has regained some momentum.
If Dorade-1 is good I'll be VERY happy!
stefan said:
I haven't looked at those patterns properly but I tend to agree with you Stefan to the extent that if it moves quickly in one direction in the first few hours it usually does the opposite towards the end. So it can fall off early but recover towards the arvo and vice versa. Best to look at the price for trend purposes near the end of the day when the smart money appears. The good thing going for HDR this week is that last weeks results were great and it has regained some momentum.
If Dorade-1 is good I'll be VERY happy!
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Re: TZL and HDR
I ment that it will be hard to find a good entry point as the stock has gained a lot over the last couple of weeks. If you are a daytrader then it could be very hard to find the right moment to buy. Mind you it is now close to it's all time high and usually it takes a bit of an effort to break into higher territories from here.
Happy trading
Stefan
Lucstar,
I ment that it will be hard to find a good entry point as the stock has gained a lot over the last couple of weeks. If you are a daytrader then it could be very hard to find the right moment to buy. Mind you it is now close to it's all time high and usually it takes a bit of an effort to break into higher territories from here.
Happy trading
Stefan
Re: TZL and HDR
HDR has been falling since the begining of the week. Anyone knows whats causing the fall? WOuld this just be temporary? Or is it showing signs of further south movement. I bought in at $2.40 yesterday. Obviously i'm not very happy. Hopefully it will pull up
HDR has been falling since the begining of the week. Anyone knows whats causing the fall? WOuld this just be temporary? Or is it showing signs of further south movement. I bought in at $2.40 yesterday. Obviously i'm not very happy. Hopefully it will pull up
RichKid
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Re: TZL and HDR
I think the price kinda 'settles' in anticipation of good news on Tuesdays (like a dog waiting for a reward) when there isn't much to be happy about it retreats a bit. It may even go back into the $2.20's if things aren't positive. But there are 21 wells in total and I expect it to go through $2.50. If the price does goes south big time I may buy some more warrants HDRWMI's for a quick profit. I already hold HDRWMI's and they give me far more in returns than HDR at these prices, so I don't worry so much about HDR moving around, it's natural. $2.50 is the important level to my mind.
Dorade is high risk by the way but if it comes up trumps then the momentum of last weeks news appear afresh and will propel HDR up fast.
It all depends on your outlook and trading plan, I consider HDR a medium to longterm play at these levels as it'll move around a lot this year.
I've been wrong on HDR in the short term before so don't place too much emphasis on these forums (forums are one of the least reliable sources of info- but there are some nuggets of good too), these are just some personal thoughts which may make you think differently about stuff.
Lucstar said:
I think the price kinda 'settles' in anticipation of good news on Tuesdays (like a dog waiting for a reward) when there isn't much to be happy about it retreats a bit. It may even go back into the $2.20's if things aren't positive. But there are 21 wells in total and I expect it to go through $2.50. If the price does goes south big time I may buy some more warrants HDRWMI's for a quick profit. I already hold HDRWMI's and they give me far more in returns than HDR at these prices, so I don't worry so much about HDR moving around, it's natural. $2.50 is the important level to my mind.
Dorade is high risk by the way but if it comes up trumps then the momentum of last weeks news appear afresh and will propel HDR up fast.
It all depends on your outlook and trading plan, I consider HDR a medium to longterm play at these levels as it'll move around a lot this year.
I've been wrong on HDR in the short term before so don't place too much emphasis on these forums (forums are one of the least reliable sources of info- but there are some nuggets of good too), these are just some personal thoughts which may make you think differently about stuff.
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Keep threads ON TOPIC!
Also, can you please edit your email address in your profile as the current one is invalid.
Thanks, and welcome!
qqqqq, please keep threads ON TOPIC!qqqqq said:
Also, can you please edit your email address in your profile as the current one is invalid.
Thanks, and welcome!
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Re: TZL and HDR
Happy trading
Stefan
Well, that would be the profit taking that I was mentioning. Today's news was no news so some people will sell out. For how long it will continue to trade south is hard to tell. There is a hint in today's news that there could be more to come this week about the Dorade-1 drilling which (as richkid has mentioned) is high risk. They only have about 60m to drill and preparations are under way. So we should be in for some news pretty soon.
Happy trading
Stefan
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Re: TZL and HDR
let me ask you the other way 'round. What made you buy this stock at $2.40?
Happy trading
Stefan
PS: No, I have no plans to sell anytime soon. I'd rather buy some more.
Lucstar,
let me ask you the other way 'round. What made you buy this stock at $2.40?
Happy trading
Stefan
PS: No, I have no plans to sell anytime soon. I'd rather buy some more.
