Australian (ASX) Stock Market Forum

HDR - Hardman Resources

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Re: TZL and HDR

Well stefan, i'm more or less a "buy and hold" investor at the moment. And since i'm very new to the stockmarket (i'm only 15), i fell into the trap of placing an "at market" order on Monday this week. So yer, thats my situations. Obviously, experience comes at a cost.
 
Re: TZL and HDR

Well stefan, i'm more or less a "buy and hold" investor at the moment
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That may well save you. But if you're a buy and hold investor, you shouldn't be that nervous just because it fell back from where you bought it. You would have your reasons why you did it and you would have figured out if 2.40 was a good entry price or not.

I have mentioned it before. You need to know exactly what you're doing when you invest your money. Getting reassuring words afterwards is not going to help you in any way.

And since i'm very new to the stockmarket (i'm only 15)
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It's never too early to start! You have ample time to learn. When you make a mistake, you'll learn the most. (I'm not saying you made a mistake by buying HDR).

i fell into the trap of placing an "at market" order on Monday this week.
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Well, so be it then. Too late to do anything about it. Maybe you should check if buying at market is the best way to buy your shares. I highly doubt it is.

While there is no guarantee that this will work out, there is a lot of potential that would indicate that it will. You bought it near its all time high and it will take a while to get higher. This stock is risky because it is based on drilling and the hope that they will find oil in most of the places. If they do, then the sky is the limit. If they fail, then I'm affraid it will probably take a while until we see $2.40 again. HOWEVER, they have already found oil and the next result is only days away. So the stock is worth more than what it was a few weeks ago. Maybe not $2.40 at the moment but if they find another source of oil, then $2.40 may well look like a bargain. Again, Dorade-1 is considered high risk as it is new terrain where nobody has been drilling before as far as I know.

Overall, you should figure out how much risk you're willing to take and what you can afford. But you should have done that BEFORE you bought anything.
Never buy a stock just because it is discussed somewhere and considered worth buying. It may not be the right one for your own portfolio. (I'm not saying you did that).

I know it doesn't help much. Once you hit that buy button, you start feeling very lonely out there :)

I'm not trying to teach you a lesson here. Just some ideas.

Consider this:
A cat will never just jump at something because it looks tempting. A cat will first check out the surroundings for potential traps and dangers, then watch the target without moving a bit to find out what it does and what it will probably do next. It will create a plan of attack considering all options to be as efficient as possible. During this phase it will not react to anything else that's trying to get its attention outside the scope described above. If the prey flies or runs away then so be it. There will be another one. Once the plan is ready, the cat will attack no matter what. The cat may still fail to catch the prey but at least it made sure the odds were as good as possible.

You have to wait patiently until the right opportunity comes along. Then you put in all you've got to make it happen. You may still fail, but the chances are much better than when you buy whatever share is mentioned somewhere by somebody.

Ah, enough said. I'm overboarding here... :)

Happy trading

Stefan
 
Re: TZL and HDR

Thanks stefan. That was truly one of the most benificial posts that i've came across. I will keep your words in mind. The first step is alway difficult and i'm glad i made it early. I may just be losing a couple hundred now. But if i was to make this mistake a couples years later, the loses may be thousands instead. Anyways, thanks for spending you time writing up that post. And hopefully some positive news comes out soon. Good luck to all
 
Re: TZL and HDR

stefan said:
Consider this:
A cat will never just jump at something because it looks tempting. A cat will first check out the surroundings for potential traps and dangers, then watch the target without moving a bit to find out what it does and what it will probably do next. It will create a plan of attack considering all options to be as efficient as possible. During this phase it will not react to anything else that's trying to get its attention outside the scope described above. If the prey flies or runs away then so be it. There will be another one. Once the plan is ready, the cat will attack no matter what. The cat may still fail to catch the prey but at least it made sure the odds were as good as possible.
Stefan
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Great analogy Stefan! Brought a smile to my face.
 
Re: TZL and HDR

Just bought a couple of 1000s at 2.27. That seems to be reasonable for now. it doesn't mean that it couldn't go lower, but I think it will return above that level soon enough. Taking a bit of a gamble about that Dorade-1 drilling result...

Happy trading

Stefan
 
Re: TZL and HDR

One of those quick selloffs that we've seen before on HDR pushing it all the way down to 2.22. Anyway, why don't you just relax and look at it in a few weeks? :)

HDR is full of potential but it is going to take a while to explore them all. Not to mention that they have yet to start selling oil.

Happy trading

Stefan
 
Re: TZL and HDR

Hi stefan, i now i might be building some unneccessary stress. However, this is my first time with shares. So i am very nervous. However, i am trying my best to settle down and play with my mind, rather than my heart.
 
Re: TZL and HDR

Hey Stefan, yeah nice prices now, ridiculously low but that's our stock. If I had to buy in I'd go for ROC on weakness. ROC is to HDR as HDR is to WPL in terms of leverage. But I've got enough exposure to Mauritiana so I'll stay put.

Main difference is that long term HDR is far more predictable after being noticed by the big boys now.

To use your hunting analogy there may be easier game about! HDRWMI's are the only other method (I hold HDRWMI) but they are starting to get close to expiry. If you want to predict price patterns compare HDR to HDRWMI- if the pattern is correct it's time for a rise tomorrow. If Dorade is bad then HDRWMI will fall through the channel.

All will be revealed in a day or two.

Hey Lucstar- relax and see if you can not look at the stock till Monday (assuming you've decided to hold), just a game if you want to play. It'll be interesting to see what goes through your head. I try it from time to time when I get absorbed in a stock and I know that my rules tell me I'm not to do anything.
 
Re: TZL and HDR

Hmmm, could HDR be developing a double top (strong bearish signal)? HDR closed today at $2.18.

PS: Richkid, sorry mate but i really cant live a day with having something to do with stocks. At the moment, experience is number one priority. Need to fill myself up. But anyways, thanks for suggesting tat.
 
Re: TZL and HDR

If I had to buy in I'd go for ROC on weakness
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I don't like ROC. I like what I know and HDR is the far better choice for me. IMHO HDR is about to develop into a serious oil business with lots and lots of activity just the way I like a company to be. It also seems far more mature than ROC. You see, I won't invest into the same field twice. So it's either ROC or HDR but not both. I went with HDR and I am very happy the way things are going.

Not to say that ROC is bad. It just doesn't fit into my portfolio.

Happy trading

Stefan

PS: I'm wondering if we'll see some news before next week about the Dorade drilling result. They only had 60m to go so one would think there should be something out very soon. That's the next hurdle for HDR and I guess until then nothing much will happen.
 
Re: TZL and HDR

Lucstar, I understand! by all means keep an eye on HDR if you prefer, especially with current volatility. I see no reason for it to be below $2.20. I am surprised that it's fallen so far without recovering today but maybe some people know stuff we don't- I can't see why Dorade info shouldn't come out tomorrow they didn't have far to drill as Stefan pointed out and there didn't seem to be any other problems.

The fall suggests that last weeks results were non existent! (silly sellers). Value wise HDR was said to be worth $2.22 (approx) by some well known broker before last weeks results (think I saw it in AirReview). Another analyst had it in at around $1.25!! (But their conservative and they've missed most of the gains over the last six months or so too)

Stefan, yep ROC's not HDR, it's different and probably more attractive to TA people like me as it can piggyback on HDR without the same volatility (so far). Just as you've pointed out in terms of your investments I've got enough exposure to the area as well. I wasn't suggesting that you should buy it, just an option to keep in mind. I don't hold ROC btw, I settled on HDR instead as a Mauritiana and oil play.

But to any Mauritiana/HDR watches they will notice that ROC is the only readily accessible stock that has interests in all three areas. It was stuck for awhile but then took off. I think there's another thread on ROC so I wont go on.

As for a double top, with my limited experience it appears to be a temporary reversal. If it falls below about $2.22 I start to take notice as I have a trend support line drawn about there on my chart. A lot of resources stocks have taken hits this week so I use that as an explanation. But it'll pass and they'll all run again for Xmas.

Let's hope tomorrow is a good day but if it isn't there are plenty more in store down the track IMO.
 
Re: TZL and HDR

Lucstar said:
can someone please explain what IMO means??
thanks
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IMO= In My Opinion
IMHO= In My Humble Opinion

Thought you would have known this being a sprightly 15! But it's always good to ask or you may have thought it was a stock code. Hope you're hanging in there with HDR, you did well to see the early warning signs for the reversal (Double top), the next step is if it's reversing from going up then it must be going down, in which case- don't buy when a stock is falling in price. Normally wait till the uptrend reestablishes itself.

See the psychology of investing thread for some other trading maxims.
 
Re: TZL and HDR

"Thought you would have known this being a sprightly 15!"

Haha! I spend too much time learning the market rather than chatting on the net. But now i know thanks. And yes i did thought it was some stock code or stock prefex.

"don't buy when a stock is falling in price"
Too late, already bought a begining of the week.

Hope the news is coming today. We really need something good here.
 
Re: TZL and HDR

Still no news of Dorade-1. Whats going one?
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Luc, calm down, relax mate! :D There is news every Tuesday if they don't have something else to say during the week. So it would look like we'll have to wait for that.

I hope you'll survive the weekend ;)

You bet your money on a stock that takes some time to develop. You can't make it go any faster for now. After all it has found a level at around 2.20 and I don't see why it would go much lower for next week (except for some bad news, of course).

Hang in there!

Have a nice weekend

Stefan
 
Re: TZL and HDR

Lucstar,
Try to stop thinking of stocks all the time- Daryl Guppy has a section near the end of one of his books on investing and gambling and various things in between and the symptoms to look for. I can't remember which one, see your local bookstore or library. Have a look at it and see if you can recognize which profile you fit and why you are stressing over it. It's very important not to play this like the horses or the pokies. Just chill out for a bit. Speak to family, friends or get a stockbroker! (maybe not the last one!) Just don't let stocks consume your time and your life. It ain't worth it! I'm getting the impression that you have put money you can't afford to lose on HDR. Which is not good. If you can't afford to lose it then wait till you have some more that you can lose without getting stressed. You really need to put in the hard yards and educate yourself. There are lots of books and methods mentioned in these forums.

Good luck and enjoy the (stockfree) weekend!

PS If Dorade is bad, so what!? This isn't a one-well company!!! Keep smiling (but ultimately all decisions about buying or selling are yours)
 
Re: TZL and HDR

Comparing HDR with ROC, I would have to say that either ROC is overpriced or HDR is undervalued. Probably a bit of both but I tend to think that HDR is now undervalued at 2.23 and should be trading well above 2.30 even without Dorade results. (Oil is just too hot at the moment)

I guess this will be a very interesting week. Oil prices still at record levels will make sure that any new discovery will get even more momentum.

Have a nice weekend

Stefan
 
Re: TZL and HDR

I agree with you Stefan about HDR being undervalued, on the same basis as I mentioned before (ie valuation before the week before last's positive discoveries was about 2.22) after that it should have been more. If Dorade is positive then it should be near the all time high or more. A lot of speculators, short time traders in the stock now IMO.
 

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