re: showdown, to bomber, page-9

re: showdown Good comments yogi and bomber.

A buy and hold strategy, hmmmmm.......for how long?

When are you happy to take profits?

As soon as HDR gets a hammering from the market all that comes out from the HDR holders is how they bought from 3 to 5 cents and they are still well up. Hang on a minute....if you had bought 200000 shares at 5 cents ($10000) then why the hell wouldn't you sell at $1.00 for a cool $190000 gross profit? Now it's only worth a $100000 gross profit. Doesn't make sense to me. However, your theory that this buy and hold is because HDR is valued at $5.00+ dollars comes to the fore. What if it never gets to $5.00? There are many more factors that will influence the price of HDR than just drilling.

Did a buy and hold strategy work for HIH, or ONE, or PAS? Not in the slightest. If you were trading these stocks, then you could have exited with some dignity intact.

Traders always have an exit strategy, be it a profit or a loss, but there is always a plan.

BBM