re: selloff.. harmano to rager RagerIt makes sense to me....and...

re: selloff.. harmano to rager Rager

It makes sense to me....and the market agrees! My rationale was that the chance of good news was lower than the chance of bad news .. and with all the other forces driving HDR down (market sentiment and POO falling) the risk of futher bad news (in particular another duster) made the downside look significant. The downside was not that significant before and HDR did hold support at $2.16 despite the earlier dusters and rallied back up on rising POO.

I agree that today's fall is in-line with the market and nothing to do with Tevet Deep. Try looking at it the other way .. if a fall was likley due to the general market correction and POO falling .. how much further would it have fallen on other bad news? A fall below $2.00 was conceivable to me last week and it was outside my "comfort zone"..that's all.

The other motivator was that I was hurting elsewhere .. eg OSH, and so needed to make myself as safe as possible in the markets....you can understand that can't you?

H