Can't work out if ther is any fact behind Dorade or if it is all a beat up? Being advised this morning that it is going to be sold off as no lead from UK but I don't think they have any real detail and no announcements expected till next week. No announcement probably means the weekday holders and T+3 have exited yesterday late and will continue to this morning to punt elsewhere to return for anothe T+3 Tuesday to Thursday next week and get at least one announcement with a result. If this is the case highly geared CFD and margin selling will weigh on HDR along with further stops getting set off while shorts probably have a punt as well.
A fair bit of negative pressure on short term traders today and only solid news ( which will not come from HDR?) will change the tone.
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
