Hemi Energy Group Inc. (fka HMGP)

[oilman57]

I dont quite understand the price action on HMGP. They announce a very successful well and the price drops. Investors and traders alike must understand that oil stocks should be treated differently then other stocks when it comes to trading. The value of the underlying assets were increased yesterday with the announcement of the well. Sell the news should not apply here. This is a buy and hold. With every well that is hit the underlying value of the asset and thus the stock should increase. Oil stocks should be played differently then other stocks. It seems as if with the constant emphasis on charting techniques that we have created a bunch of robots who dont know or understand how to look at the actual fundamentals of the company iteslf.