re: Thon P/A ... to those that got burnt, again ..
Hi folks,
So the "buy and hold HDR" crowd got burnt again...!!
When will traders learn to take profits, WHILE THEY EXIST ... that means getting your market timing right.
Enter on the run up to the spud date and have a very specific time and/or price strategy to exit.
Watching stocks go up and down DOES NOT improve the bottom line, when trading oil stocks ... that means, a "buy and hold" strategy will not cut it !~!
Most important of all don't hold over the period of an expected announcement ... if it is a positive result and the market is trending up there will still be an opportunity to get set in a trade.
Get this !~! ... HDR is just another oil stock to be traded on the merits of each new well ... nothing more.
Placing your faith in this management, in a long term play will only see you become bitter and twisted, as the market gyrations take their toll.
Get a REAL trading strategy, TIME is on your side.
top trades
yogi
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held