I can't reply to private messages. I only have the basic membership Sorry.
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(edit) Well here's a little news on call options to brighten the plunge :)
http://www.avafin.com/articles/1002291.html
So far I've made back half of the drop in the shift in the CAN/US exchange rate lol (are we basing @ 4.50 for a rebound?)
I don't know about flying high but I'm beginning to think the monkeys have been drinking.
Maybe some reaction to the market and some profit taking?
SPDR S&P Oil & Gas Exploration & Production ETF
Shares
2,530,080
Change
-1,007,140
Report date
05-31-11
However, State Street is showing no overall change, likely an internal transfer?
http://moneycentral.msn.com/ownership?symbol=HDY&Holding=Mutual+Fund+Ownership
Hyperdynamics Corporation with a market cap of $674 million has staged a strong bounce back: the stock was trading, on a dip, at $3.10 three weeks ago, and is currently trading in the $4.50 range, a gain of 45.16% in 21 calendar days. Wow. That shows two things; 1) aggregators that do believe, and 2) new buyers coming in. The short/float is nearly 12%, but I’d venture to say the majority of short sellers are looking at where to buy in to cover their positions and avoid a loss. The Company is based in Houston, Texas and its primarily field of exploration is 9,650 square miles offshore of Guinea of which Hyperdynamics Corporation owns 77%.
http://www.smallcapnetwork.com/Oil-and-Gas-Exploration-and-Making-Money-HDY-KOG-STO/s/via/14/article/view/p/mid/1/id/16/
(edit) Soooo, anyone up to putting in a call to Cramer tonight :D
and speaking of pounding away at keyboards, the recent sighting of the good witch of the north should provoke some chatter from the monkeys over at Mumbling Fools any day now ...
break out the bbq sauce!
Short ribs with barbecue sauce! "Chef Paul Miller shows you how to get long-simmered results in an amazing 45 minutes with the help of a pressure cooker."
(edit) Look Toto flying monkeys! Now I know we're not in Kansas any more! Could it be the Big Boys grip loosened a just a little?
2% odds are fine by me. If it happens I figure on selling a few around $12 and rebuying when the leftover short ribs are served for lunch.
Every time it gets beat back down the bid volume seems to pop. Gotta like that!
Looks like the thousand monkeys @ bats & edge are busily chattering away at their keyboards in an attempt to keep the close below $4.50
Tomorrow after the close.
(edit) Looks to be as of yesterday's close to me. There's 14 days between each wednesday date, so I woulds guess it's current as of yesterday;s close.
That's nothing, look where the NASDAQ chart is stuck. It's usually within the past minute.
http://www.nasdaq.com/aspx/nasdaqlastsale.aspx?symbol=HDY&selected=HDY
Are we going to hit the HOD on this push? We seem to be responding to oil very closely today
http://www.livecharts.co.uk/MarketCharts/crude.php
From this rookies perspective it almost looks a little sybil this morning. Nervous short term traders not wanting to lose a profit opportunity countered by some R2000 buying pressure with a bunch of day traders not quite sure which way to move :o
You got a message or two @ IV
R2000 list in 2 days so it's got to have an effect sooner or later. Missed your prognostications, care to repeat it?
I imagine there's a little more daytrader bailing to come. Let's hope she holds.
Nice try by the shorts to shake loose some shares but not much volume. Hopefully that means those holding now are in for the longer term and not going to be panicked into selling.
Somebody bit on $6 June calls
At 5 cents I guess they figured they didn't have a lot to lose
HDY sellers drying up? Could be a nice end of the day pop in store ;)
(edit) Quite a while back when the chatter about the Russell first started I remember someone talking about when the initial presser on the potential new inclusions would come out. It seemed to me that person said it would come out right around the beginning of June
Like magic my question was just answered on IV. June 10th announcement, June 24 inclusion date.
now if someone with deep pockets started putting in some bids for 10 shares a pop right around $5.50 about 10 minutes before close things might get very interesting. Not that I'm devious or anything >;)
lol I don't have enough left in my trading account to do that right now or I would pick up 10 or 20 myself :D
my bad, forgot about that. I was thinking back to the time right around this day
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63521698
Remember the large volume of $4 calls that sold when we were sub-$4 ?
lol in the end I got no idea what's going on. That discussion on IV is interesting but I have yet to see how it all makes sense if things really are that heavily manipulated. The only one theory that makes sense to me is that they're playing a big game of chicken where whoever blinks first ultimately wins.
I got a feeling the May 31st short number will push 18M.
(edit) Sure looks like it. (ok after that last spike down, not so much). Just imagine what we could do if we organized our own counter-strategy. Sell-off and then swoop back in and buy more shares than we originally held at the lower price. How long would it take us to buy up the float these guys keep playing with?
I know I know but I can fantacize can't I? Today 1000 shares sold @ 4.45 and rebought @ 4.2 would of turned into 1059 shares not factoring in trade fees. A lot of risk for a 5% gain.
At 50 shares a pop it's going to take a while to dry up the float lol.
(edit) You know that article yesterday that stated the short total for HDY was 16.6M shorts as of May 31? They got their date wrong. That's the short number for May 13. I ran a couple other tickers from that article and they were all May 13 numbers.
http://finance.yahoo.com/news/Today-10-Most-Hated-Stocks-wscheats-606099474.html?x=0&.v=1
http://www.nasdaq.com/aspxcontent/shortinterests.aspx?symbol=HDY&selected=HDY
On the other hand, this shows that the number of shares on loan climbed since the end of last week when I last looked
http://www.dataexplorers.com/products/data
That's for sure, don't want to see a repeat of the non-event deep water 2-D release.
(totally OT, GO CANUCKS!)
edit: I noticed that the announcement stated "Other contracts cover logistics and a variety of analytical services to evaluate underwater and sea floor conditions at the proposed well sites"
Wouldn't that mean that the sites are now finalized, meaning another announcement is imminent?
I would of but I would've had to buy on credit
I do have a small parcel hanging out there at a (cough cough) slightly higher price though if anyone wants 'em :)
Daytrader panic?
edit: I think I'll step away from the computer for 5
and when I come back I hope the last of the lemmings has jumped. I hate the thought that some short is getting out of a jam at this price.
HDY daily lemming stampede is underway. Looks like someone is accumulating another large block @ lemming prices.
I'm hoping it cleaned out all the nervous traders who had no idea what they were holding. They made their 10% and now we can get on with that bonfire!
16.6M shorts??? What are we not seeing in this picture, and was part of that end of day volume a whiff of panic when some of them read that article and saw the number had climbed instead of shrinking?
Dear Ray. Now would be a GREAT time for that partner announcement lol. Heck I'll even settle for another LOI.
Would that Cramer effect be wait 5 market days?
Wednesday, thursday, friday, tuesday, wednesday . . . pop?
I broke down and posted a comment lol. It should be pretty easy to spot.
in the meantime here's some reading from the Short Minds Network. I couldn't be bothered to register to inform them of their lack of DD.
Oil explorer Hyperdynamics Corporation (AMEX: HDY) posted its second big winning week last week, climbing from $4.02 to $4.68 - a 16% romp. From the starting point of $3.32 two weeks earlier, HDY has soared 40.9% on pretty good volume for both weeks of the period. It's a great move to be sure, but with no actual earnings on a trialing for projected basis, it's kind of tough to assume the best here.... even if the oil/gas sector has implied a recovery from a slump that began a couple of months ago. Indeed, with the energy sector's weakness only being staved off by sentiment rather than actual supply and demand, HDY owners may want to take what they can get while they can get it.
http://www.smallcapnetwork.com/Last-Weeks-Most-Bought-Stocks-What-to-Do-With-Them-Now-HDY-ZIXI-CALL-DRL/s/via/1789/article/view/p/mid/1/id/7/
Speaking of shorts, CHM I remembered that you posted this link a couple weeks ago.
http://www.dataexplorers.com/products/data
Seems the situation hasn't changed all that much!
edit edit Obviously not everything goes to twitland, someone must decide to tweet individual posts or there's some sort of trigger that causes posts to go to twitland. Which makes me wonder why your post questioning the short situation made it yet the post I made that questions the total shares sold and what percentage could be shorts didn't. More manipulation? I would love it if someone retwitted that response.
Anyone who was skittish and following the trading advice on American Bulls would of dumped their shares this morning based on last night's assessment.
http://americanbulls.com/StockPage.asp?CompanyTicker=HDY&MarketTicker=AMEX&TYP=S
Tim over at Stocks To Buy is taking a strong position on the stock going, pointing out a double bottom of $4.26 established yesterday and again this morning.
edit edit edit ok so I tried reposting that previous post as an edit to this post and including hdy in the text but that didn't land it in twitland. Next time I post I will deliberately include 'hdy' in the original message.
What I hate is running out of posts! What I also hate is when I deliberately write something for twitland and it doesn't make it there, like my last post. It seems you have to include 3 little letters for it to get there, I'm going to test that theory over the next while.
(edit) So what percentage of all transactions do you think were shorts covering? 100% 50%? 25%?
I don't know how to gauge this, but 50% of all transactions would seem very unreasonable to me. It would also seem to me that those borrowing from margin accounts would be forced to cover much earlier than large institutional loans.
Do you think they started covering before wednesday May 18 when the price first started leaving the floor? The short number was current as of the open only 2 trading days prior to that (May 13 was the friday, trading opened again on the 16th).
Since the beginning of trading on May 18 (open price $3.34) we've seen a total volume of roughly 23.3M shares
50% = 11.66 M
25% = 5.83 M
I'm just a rookie at this but much more than 25% would seem unrealistic to me.
edit: Me thinks perhaps some of the chatter I've seen posted other places may be possibly planted in the best interest of the shorts?
HDY took a 3% drop. What you need to know
Over half a million shares were handed over to cover short sellers by unknowing traders in early trading this morning. Knowledgeable investors stood pat, however novice traders reacted when the price took a momentary dip on it's way back up to the $5-6 price range.
Smart traders realize that with 16 million short interest outstanding as of May 13 and the massive short squeeze only beginning to unfold, selling at this point in the game would be foolish.
HDY Institutional purchases for the last quarter
(ending March 31)
BLACKROCK GROUP LTD.. 4,000,000
STATE STREET CORP.... 3,537,686
SUSQUEHANNA.......... 3,463,462
DISCOVERY CAPITAL MA..1,976,000
KLEINHEINZ CAPITAL P..1,595,500
ROXBURY CAPITAL...... 1,219,685
HODGES CAPITAL......... 993,250
CITADEL ADVISORS LLC....918,043
REVELATION CAPITAL M... 711,300
VANGUARD GROUP INC..... 634,776
DLS CAPITAL............ 620,400
WEINTRAUB CAPITAL MA... 600,000
CAISSE DE DEPOT ET P... 600,000
AMERIPRISE FINANCIAL... 400,100
CHARTER OAK PARTNERS... 399,985
FIRST NEW YORK SECUR... 344,600
PINE RIVER CAPITAL M... 292,050
ESSEX INVESTMENT MAN... 256,831
SCHWAB CHARLES INVES... 217,005
CALIFORNIA PUBLIC EMP.. 208,506
CREDIT SUISSE AG/...... 203,136
DEUTSCHE BANK AG....... 165,575
BLACKROCK FUND ADVIS... 159,245
LMR MASTER FUND LTD.... 142,689
MARSHALL WACE NORTH ... 130,924
MORGAN STANLEY......... 128,432
DYNAMIS ADVISORS, LL... 100,000
COMMERZBANK AKTIENGE.... 92,450
MADISON STREET PARTN.... 85,300
RUSSELL FRANK CO........ 80,850
IFC HOLDINGS INCORPO.... 79,300
BLUEFOOT PARTNERS, L.... 65,000
DRIEHAUS CAPITAL MAN.... 63,816
INVESCO LTD............. 56,229
FIRST DALLAS SECURIT.... 55,850
HELIOS ADVISORS LLC..... 50,000
GOLDMAN SACHS GROUP .... 46,177
ING GROEP NV............ 45,173
CITIGROUP INC........... 41,430
KNIGHT CAPITAL GROUP.... 40,295
SPOT TRADING L.L.C...... 37,275
J P MORGAN CHASE & C.... 36,486
FIC CAPITAL INC......... 26,525
ARROW INVESTMENT ADV.... 25,995
Others (total)......... 202,263
New Positions: 37 11,489,048
Increased Positions: 60 25,094,365
INSTITUTIONAL Holdings Summary
Total Number of Holders 83
% of Shares Outstanding 28.8%
Total Shares Held 44,806,478
http://www.nasdaq.com/asp/holdings.asp?symbol=HDY&selected=HDY&FormType=Institutional
sorry to learn of his passing, but how about the coincidence that the same night Ray hits a home run on Cramer the Canucks advance to the Stanley Cup round! It's a sign I tell ya!