Hyperdynamics Corp (HDYNQ)

[Chesterfield]

I think we have started the process, the shorts are not able to keep it down, they are keeping it from taking off but only just, they are getting in deeper and deeper. As their profits erode they are more likely to close out their positions. Getting back above $5.00 will be a real statement and should trigger a lot of covering.

Next short interest figures will be on next Monday and shortly after that hopefully the 3D.

With the Russel buying having taken a big chuck of shares out of circulation, it is difficult to see how shorts will be able to buy 20/25 million shares without an exponential increase in price.

I will probably take some off the table at $10.00 but only because I am way over weight on this.