the list, page-30

One thing that irks me about the share market is how reactive people are to lack of news. People are quite pessimistic automatically assume the worst I guess.

The recent downward slope on waiting for confirmation that HOG is an official producer on the 'gas list' is one example. Well #201 is complete, commercial testing has been done, all that's needed is to find a buyer and become listed as an official producer. Could someone explain to me what could possibly go wrong here? What is the downside that people are seeing? Do people think the Ukrainian government is going to say 'no!! no approval for you! we take your well now!' Ukraine is not as bad as people make it out to be.

Anyway I sold my shares and taken short position this morning because the way it is going the company probably won't release an update until after 5 March, the next cutoff date, and I can definitely see a continued slide until that date, might as well profit from it.