I can't fathom the price drops. I understand resource stocks where metal prices can change overnight, but for an infrastructure company to take a bit hit, it defies logic. Stocks paying no divs get increases, one doing it gets savaged.
Great for new shareholders, not the rest of us who have averages > $1.15 .
The volumes are highish. I can only assume that once the share price came near a pivot point (low $1.20) then the $1.15 price meant a sell to get out ahead. THe more selling the faster it goes down.
I am not a chartist, but i suspect the level of support must be around now.
If the company makes no accouncements then it is probably the above or someone knows something not in public knoweledge. For now, i'll asume the former.
HST Price at posting:
99.4¢ Sentiment: Hold Disclosure: Held