second highest close in 18 months

To get some prospective HDR closed today above the march 2004 high of $2.42 at $2.44.

only a couple of cents of yesterdays record close.

points to consider.

1. only CTX and Roc faired better today in the oil
sector.

2. WPL , OSH, and STO all were down more in % terms than HDR.

3. It was a down day on the asx with profit taking in a lot of sectors.

4. 1.5m shares were traded outside of market in special block trades at vwap ( volume weighted daily average )
of $2.44. Obviously the buyer thinks they will go up and the seller may have bought sub $2.

5. No news of spud on sotto released yet to market.

6. quarterly report with all sorts of goodies to be released 2 morrow ?

7. Maccas and citibank rate as buy with outperform recomendations this week


$3 here we come one more hurdle old intraday high at $2.48 then blue sky nothin but blue sky from now on.