another theory for todays rise. Look at HDRs shareprice. A...

another theory for todays rise. Look at HDRs shareprice. A strong long term rise over the last few months, then a 2 week downward hiccup, then back to trend.

The inflexion point was Friday. What happened on Friday? Macquarie Bank warrants expired. Maccas must have short sold HDR for 2 weeks to drive the price under $2 so the warrant holders would lose. Now they are covering themselves, buying back the shares, causing the sudden spike. This has the fringe benefit of creating a favourable market for their new series of warrants.

Macquarie Bank are playing their usual games. Don't buy their warrants unless you want to throw your money away. Go and look at HDRs share history and you will see this trend repeated again and again.

If my theory is true, then the recent surge will prove short lived. I hope I am proved wrong of course...