Tomorrow and Monday will be very interesting. There has been a lot of churn in the stock since the WPL sale and the price is now only 1 cent above the buy in price for most of those purchasers. They have to make a decision whether to hold and risk Faucon being dry at the lower levels and their investment going underwater, or whether to hold and hope that Faucon comes in.
Given that Faucon must be approaching TD and may get an indication of oil or no oil over the weekend, a few nervous nellies could be keen to get out tomorrow. If there is no positive announcement on Monday morning, any leftover short termers might take it as a bad sign and make a rush for the doors. If it drops below $1.75 there could be a mass exodus by those who don't have an understanding of Hardman's fundamentals.
On the negative side this could result in a spike downward, but on the positive side it should flush out the last of those who were just in it to take short term profits. It could also provide a sensational buying opportunity.
- Forums
- ASX - By Stock
- HDR
- the tree is still being shaken.
HDR
hardman resources limited
the tree is still being shaken., page-25
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online