Sell HDR in expectation of a pullback? Heresy. Thou shou hold...

Sell HDR in expectation of a pullback? Heresy. Thou shou hold thy tounge.

There are 2 groups of HDR shareholders. Firstly, the newly wealthy 'buy and hold' crowd, like Sailorgirl and Louie, who loyally weathered the storms and are now reaping the benefits of their foresight. The 2nd group are the traders, most of whom are full of regret for not holding those shares they sold at .49 based on astrology or some other nonsense.

Don't join camp 2. Go with the winners in camp 1. HDRs present value barely covers known reserves valued at $25 per barrel. Factor in a long term price of $50 and HDR doubles again, future discoveries in Mauritania will muliply reserves by 10. Thats 2 x 10 = 20, which would put HDR at $40 or so.