"We hit hydrocarbons and its on..."
100%... thats the catch 22 I was stuck in a couple of days ago... I wanted to hold into the spud... but there was a chance of company needing money so maybe I should sell some... but if you get out, and are wrong, you might miss out. There was no correct answer.
Anyway... it's done now... if you are holding now and were waiting for spud, no point in just dumping when it comes out of halt unless confident of a quick trade... if it does come down we are probably to late to catch it anyway... but there is also other newsflow imminent that could send it anywhere. Thats just my opinion anyway.
Ann: Trading Halt, page-57
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