preopen, page-158

re: sold out - " just a friday afternoon selloff" Hi folks,

Seven weeks ago today, the post below brought a
lot of flak our way from the "buy and hold" crowd in
HDR ..... and seven weeks ago tomorrow, HDR
made its highest close at 1.41 ..... :

=====

alert ..... looking toppy now ...??
Posted 10/02/04 23:53 - 327 reads
Posted by Yogi-in-Oz
Post #282 - start of thread - splitview
Hi folks,

HDR chart is showing some signs of topping
out soon ..... about 1.40-1.42 is looking like
some stiff resistance, ahead.

=====

Right now, these "astute investors" have made
a 12 cent gain in 2 years and 9 months, since
the 2001 highs ..... that gain looks set to be
erased even further, with this latest debacle.

They could have made more profit, leaving the
money in the bank, instead they have put
themselves through untold unnecessary stress,
with their useless trading strategy.

=====

Maybe it's time you took a real close look at
HDR ... not the projects, its "management" (?)

If you took the time to do some proper research
on your precious Ted's background, you would find
that he has presided over some slack performers
in the local oil industry, in the past ..... some that
don't even exist any more !~!

In short, he has a lousy track record ... he simply
got lucky with the West Africa leases, but that
will not change his management style ... "look after
my mates and screw the shareholders" ... nothing
changes.

======

If you really MUST have money tied up in HDR, then
maybe it is time to learn how to trade the big swings,
rather than use a "buy and hold" strategy.

Last time HDR dived 63% from its highs around
108 to 39 cents, before recovering .....

..... at the current price, it is already already down over 13%, from its high 7 weeks ago ..... how much
lower will it go this time around??

..... and they said it was just "a Friday afternoon
selloff" ..... when will they learn??

Maybe some will think twice now, before sinking
good-money-after-bad into this non-performing
oiler.

=====

Meanwhile, PSA nears our exit target, for yet another
profitable trade .....

happy days all

yogi