Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
waiting on some news...
one more update since vale was mentioned.
key stats.. http://finance.yahoo.com/q/ks?s=VALE+Key+Statistics
the billion they have invested there is not gonna kill them if they lose it. they have a 97 billion dollar enterprise value http://finance.yahoo.com/q/ks?s=VALE+Key+Statistics
they made 23 billion last year and have 6 billion in cash now
they are also up since the news.. looks like they are forming a dbl bottom and set for a big run. thats why I own shares.. low p/e of 12 and poised to snap back to the 200d sma http://stockcharts.com/h-sc/ui?s=VALE&p=D&yr=1&mn=0&dy=0&id=p40023825301 macd is curling up, crossing over on the sto, coming out of oversold on rsi...
there is only one thing that's gonna drive this price up.
"a drilling anouncement"
the fundamentals are terrible http://finance.yahoo.com/q/ks?s=HDY+Key+Statistics
the chart is ugly http://stockcharts.com/h-sc/ui?s=HDY&p=D&yr=1&mn=0&dy=0&id=p11478481793
legal problems at all turns (and I mean in every direction you can look)
possible corruption at the local govt level
tullow running for cover
and if all this gets straight they could still make a lot of money. they have 1 egg in their basket... and its a huge one. see line 2
im pulling for them.... hope they can get it all done.
Not with the current state of affairs. If it gets resolved it could soar like an eagle. If not it may drop below a buck
that's why im out.. too damn risky right now
other than a few day traders making a play that is one ugly chart...
but since I got out the price went up... I do accept tips... =0)
ty sir
This is why I think that there's more to this than a delay tactic
if that's the case they should just say so instead of throwing hdy and its share holders under the bus. and if that turns out to be true then their credibility just took a major hit in the international scheme of things.
I still feel there is more going on here than tullow biding their time. they know somwthing we don't is how I feel. that's why I sold it all yesterday.
if things get straightened out ill consider buying back in but this drama(queen) is something I don't need in my life...
I rarely invest in a company that is less than a billion dollar company. as mentioned earlier vale has been mentioned in previous posts. I own them and they were up today in spite of the drama they got drug into.
i simply didn't follow my own investing guide lines on this one and go burned bad. but live and learn..
i wish you guys the best with hdy... i wouldn't doubt if they lost everything...
i was waiting on something today... but nothing.
shorts will ride this one to death... w/out a resolution to this latest tullow development hdy is dead in the water (that is on top of billions of barrels of oil)
its dropped another nickel since I sold. I figured as soon as I sold it would climb...
ill be watching but I was tired of all the drama with this company. tullow was the best thing to happen with hdy and now they ran them off.
well guys im out. I sat around for 4 years and watched this mess get messier and messier. here we are weeks from a drill and wham... tullow knows something and hdy isn't going fess up anything except "the top dogs will continue to milk" what little bit of capital they have left.
I was hoping for some kind of decent news today but....
I took a bad beating on this one and im pissed at myself for trading in a manner which is completely out of the norm for me. as I stated earlier dollar signs got in my eyes and I didn't use sound trading tactics. it will take years to recoup this loss on what I have left in the original principal. I learned a valuable lesson. I can promise you it wont happen again. I have been trading for years but this one is by far my worst loss ever.
only good thing is the tax write offs
good luck to all and god bless...
btw vale is up .09 today...
im with you on buying and selling points on emotion..
and gaps do fill under normal circumstances (excluding unforeseen circumstances, like our current situation)
hdy rarely keeps us posted on what's going on. not sure what's up with that, but it is the MO
good news would be awesome
i am far from an expert in this investing stuff but have a basic understanding of how charts and fundamentals work together. but all this drama leaves me guessing on what to do. if i get out now on this one and reinvest that money with my "normal" investing method it could easily take 5-7 years to recoup my losses..
cmon ray whats up? he owns a lot of shares as well.
you welcome... since its a stock i own it was info i have looked at numerous times and that's why i invested in vale... =)
also in comparison look at vale 3month chart dating from 3/7 till now. this news had little effect on them... http://stockcharts.com/h-sc/ui?s=VALE&p=D&yr=0&mn=3&dy=0&id=p51498174055
vale is a healthy company and well diversified... they have a low p/e at less than 12. they could easily return to the 20 dollar mark in the next year or so and then back into the low 30s... they are currently in a 3 way correction which is healthy but headed up soon. its accompany I feel good about but hdy.... not so good.
vale is a 95 billion dollar company. they have been around for ever and typical of the kind of investments I make. they will recover as they don't have all their eggs in one basket... Brazilian stocks as a whole are down right now (I own a couple more, cig being one of them) but they will rebound.
not sure what to do with this chunk of hdy I currently own. im still kicking myself for investing this much money in a one trick pony... I had to "just keep averaging down" over the last 4 years and now im in deep...
this sucks, so close to drilling... I almost dumped it all when it hit 7 a few weeks back but I had dollar signs in my eyes... I had the trade order made up and ready to hit send but didn't do it... back in oct of 2012 I was in the black and almost got out but once again those dollar signs
I own vale as well
good one...
first talk I have heard of tullow being sold...
any idea on who some possible players are? the chineese?
gotta say I have been w/hdy for close to 4 years now and once again I feel like I have been kicked in the babies.. cept a lot harder this time.
I typically don't get involved with companies with under a 1 billion dollar market cap but I did here. not to say I don't have speculative plays on small caps but only for a few grand here and there. im in deep on this one and this sucks..
less than a month before we drill and wham!!!!!! I was gonna get out totally on the run up during drilling. didn't get a chance. I hope I still get that opportunity.
so we can still get this done but looks like we gonna have to find a new operator (unless bbjoe is right) and start over again. best case scenario.. I don't want to talk about the alternative of a big fat goose egg...
at least we closed green today before some guys took profits at the end of the day... I refuse to sink another penny into this company...
Mike do u own hdy?
I guess they may as well pack up and go home then. and all the other off shore rigs around the world...
no telling where we end up but im hoping for a lot more than the 13.25. just making an analysis of the short term chart. the upside is impressive if it all plays out.
run baby run
since we just killing time and chatting till something happens....
I dont know if any of you guys follow the point and figure charts or not but right now if you pull it up for hdy you see we have a bullish price objective of 13.25. also looking at the wave patterns we could easily be posed for a third wave up which could hit that 13.25 mark.
go to the bottom of the page and click on the point and figure chart.
http://stockcharts.com/h-sc/ui?s=HDY&p=D&yr=1&mn=0&dy=0&id=p05377574290
and before anyone hammers me for posting stuff abut charts on this stock its as stated above, just killing time. however charts do have their place in trading esp when the companies have good fundamentals (unlike hdy)
im on your side my friend. just commenting on some posts
I want hdy to take off as bad as anyone. =0)
im talking hdy
may I ask if you have any money invested in this company?
Um this stock has a history of doing the opposie is what news dictates.
But anyway Im just killing time talking about the charts. We all know oil is what we need
although im all for hdy heading up the indicators are not promising. lower lows and lower highs on the rsi. macd is starting to curl up a tad but still nowhere near a buy signal.
the one thing going for this chart is the wave pattern. if you count the move from dec 9 to feb 5 as wave one (could very well be according to the 3 year chart)and from then till march 3 as a three way correction we could be in wave 3, which would be awesome. this coud easily take us above the 9.36 close on nov 8 2012
if you draw a trend line on the 3 year chart we have definitely broke above that so that is bullish.
http://stockcharts.com/h-sc/ui?s=HDY&p=D&yr=3&mn=0&dy=0&id=p43634062966
we were due a bounce and here it is,
maybe we get a nice bounce off the 50d sma tomorrow.
I drink silk soy milk
Go hdy....
im in the fitness and nutrition industry. I was a real-estate broker in a previous life. years and years in sales...
im with you on these spec stocks, got too far in on hdy. too many times averaging down. if we hit 15-20 ill be out (or at least half of it)
I have found I can make nice safe gains on these billion dollar companies with solid fundamentals and nice looking charts. so what if it takes 2 - 3 years to dbl my money instead of over night.. =0)
But we don't use just one, do we?
To be honest I use the sto some but the rsi and macd are better indicators. along with sound fundamentals.
I just bought Wal-Mart. Targrt and and bath and body last week based on this and are all up between 2 and 10% already. Short term plays till early May when I'll get out of my retail stocks. Just bought Apple again going for another 20 - 30% profit.
Hdy is one of the few companies that I am in that doesn't meet the stuff I look for
Go hdy. Been long for over three years in this one.
it needs to cross back over the 20 line before its a buy signal. plus the macd is UGLY... rsi is lower lows and lower highs... were still along way off from the 200d sma.
don't get me wrong im a hdy long and want a run up but this is an ugly as butt chart right now for buying.
not to mention I don't think we are done with the wave three correction which could take us down to either 4.75ish or 4.05ish depending on which way you count the 4th wave up..
april draws nigh...
TOB is the chart guy maybe he'll chime in.
good things ahead for us longs....
lots of possibilities looking at the chart. we could easily retrace back down to 4.03, or 4.73 could be the bottom of leg 4 and we head up from there for the third leg of another 5 way up trend after the 3 way correction. that could easily take us to $12-$13/s.
one thing about reading waves is you cant always track a specific wave until it completes then you can normally predict the next move.
don't know why I posted this other than I just like looking at chart patterns.
http://stockcharts.com/h-sc/ui?s=HDY&p=D&yr=0&mn=6&dy=0&id=p96229970863