As most brokers are telling people, HDR is a speculative stock at the moment. It is driven by exploration expectation and is therefore used by experienced traders to milk all the hopefuls out there. Traders get set before the drilling phase, hold through the 'anticipation' phase and sell just before the results have been released. The hopefuls buy when the price has already jumped and hold on after the results have been released. HDR's price will only stabilise when they have proven resources and solid earnings OR if/when there is a takeover offer. Until then it is a speculative trading stock so learn to use the ups and downs to your own advantage. I still think a retracement to 69-75 cents is on the cards if no positive news is released soon.
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
