What price to offer for successful takeover of HDR, page-17

Ching and Pyush

Your theories are interesting and perhaps one explanation is that you are following the stockTOO closely. If, as you say you are a long term holder then perhaps you should check the price once a day and then turn the computer off. No offense meant by this remark, but HDR is a very speculative exploration company whose price is probably an accurate relection of where it is at the moment. 84c is a good price for an oil explorerer with some success and a lot of factors that have to be proved up.
The recent selling (and buying) reflects this. Oil exploreres have always experienced these selling patterns during drilling, and Hdr is no different. If you bought the shares a few weeks ago you could have made 35% on your money, not bad in a slow market and Hdr offered this kind of play. There are plenty of serious investors out there who will put their money in if this company begins to show more than a promise.