Hyperdynamics Corp (HDYNQ)

[casperboo]

I don't believe that we have seen any substantial short covering yet. The 4,000,000 share day was more likely longs adding to their positions in response to the Tullow negotiations or new HDY investors that are getting a super bargain at .85 rather than aggressive short covering.

When the short covering occurs, I expect the PPS to surge well above 1.00 as no HDY longs will be seling shares below this pps. This rise to .93 was just the start of things to come.

GLTA.