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coolnapz

07/13/12 1:05 AM

#12326 RE: leakdog #12325

Unless your are an insider that knows what is going on before the crowd, the price action is saying clearly to cut your losses and move on.
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Rule_62

07/13/12 1:57 AM

#12327 RE: leakdog #12325

Yes there is definitely a difference between traders and longs. "Cutting my losses" would certainly fuel any dip traders are hoping to play but what fails to be recognised by those flogging the push to sell and fuel that dip is that without a sale there is no loss. I'm in this stock to see how the next several months leading to the end of the year plays out, and with a good result, to ride out the drilling campaign. Sell? Hell no, but if the trader's predictions come true I will be adding. I won't fuel it but I'll sure as hell take advantage of it. Seems with the low turnover that few others have any intention of selling either.

Interesting that the short volume was 50% yesterday. Lots of energy it seems going into trying to drive the price down. Today except for the usual crowd over at BATS and EDGE they backed off.

http://www.shortanalytics.com/getshortchart.php?tsymbol=hdy

short|total
BZX 1263|1563
BYX 600|900
EDGA 800|1896
EDGX 4200|11400
NASDAQ 26243|211990
NYSE 1759|6159
ARCA 1335|10395

Total 36200|233943 (15.5% of total volume)