sydney meeting - my comments., page-6

re: sydney meeting - for amory amory hill

I take your point amory, and I'm sure a number of long-term HDR posters and HDR holders will have reduced their holdings lately. We ain't stupid - a retrace was always likely on drilling failure. But is HDR now dead and not worth discussing in terms of what lies ahead - no! In fact we may well be looking for a way to decide what a good buy-back point is (ahead of the charts that is) - i.e. what's its value now and in the future.

Remember though amory that a lot of the long-termers in HDR bought at 10 cents or even less and many have taken some profit along the way - I certainly have. And we are fairly "big" investors in HDR - and have made 5 or 6 or even 7 figures out of it in the last year or so. Some decide not to sell for tax reasons, some because they are yes in love with the stock and believe it has a great future. In my long experience buying and selling and buying and selling ... can often lead to worse profits than buying and holding for the long-term.

Thanks for your useful contribution nevertheless!

H