Hyperdynamics Corp (HDYNQ)

[Ben Carn]

$2's WONT happen...quit drumming up BS predictions. I don't need 30 days to tell you that your prediction is crap. You have no basis for that prediction...no chart, nothing....just simple idiocy.


There's not much to say about today that hasn't been said already. The chart is in a reset mode. Try to interpret as you will. As usual, keep an eye on that MACD for a slight correction tomorrow.

Basic underlying fundamentals have not changed. This is just one deal that went sour. If any of you think Ray is going to hang his head and walk away to cry in a corner, then you have no business being a shareholder. Now read the chart and understand what is going to take place and what to look for!

1) A close tomorrow over the 50MA is good. That means we have a new bottom forming.

2)$3.70 is weak support....I ABSOLUTELY do not think it will fall below $3.00. That is SOLID LONG support!

3) $5.00 will be the resistance going back up. Watch it closely. Very simple...when it approaches $5.00 do not buy in UNTIL it moves ABOVE $5.00 and holds there otherwise you will see LOTS of profit taking and it will bring you back down to where you started or damn near close.