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re: out with it microsoft Abunman,
I agree with you.
Chinq, was and still is the key driver of this stock.
Full stop.
When this baby was punching northwards of $2.20 i suggested it was a sell ( i have dealt with this company in a JV) and was ruthlessly cutdown for my "downramping".
(unless a company has a tiny market cap, there is no way that traders on HC can drive a companies SP, so all your conspiracy theorists out there....get a life and wake up, its the brokers&their clients, both Insto and Retail, who move a companies SP).
Anyway...at $1.60, what to do. I don't know.
I real problem is that WPL obviously have concerns on Chinq. If they thought it was red hot, they would never have sold HDR, regardless of the price. With WTI at near record highs, i feel (unfortunately for current holders) that HDR might still be weaker.
I'm not as sure as when it was $2.20, but even at $1.60 it might weaken more.
Plus, i wouldn't place a great deal of weight on ML's research, as having been a broker myself, i know how Invest Banks just love to skew their research to generate revenue.
But then again i might be all wrong.
cheers.