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.
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held