my original entry was at 4.26 if it nears 4 ill buy more.

otherwise im content riding this thing out.

[This message has been edited by AP Ness (edited 11/9/2011 11:50a).]

Sold some recently at $5.30 and just bought some at $4.20 early this morning. Probably should have been more patient, we will see.

good call Charles

Has been a terrible day...something tells me that it will rebound soon. Hopefully tomorrow or Monday. Don't "feel" anything until we hear about the drilling results.

Did anyone listen to the conference call?

I got in at 4.14. I think it could bounce back a little bit with overall market tomorrow but we'll see. It seems there is always a big sell-off with Europe news and then market goes up with people taking advantage of oversold stocks.

I didn't listen to conference call but below is summary of key points I grabbed from another forum that follows this stock:

CC Summary Points:
Cost run-up due to port congestion, problems with JE (break-in), decision to go for advanced well logging data.

Well was spudded Oct 13th, currently waiting for test on cementing, then will set BOP, approx 1000M to drill to target horizon once BOP set.

Financial capacity to drill 2nd well and conduct deep water 3D intact, but will evaluate whether to drill 2nd well at this time. No financial penalty if decision is made to not proceed with 2nd well.

HDY not responsible for costs due to JE break-in issues, but daily costs for support vessels, etc., ran up costs.

Drilling now proceeding, operational problems appear to be solved (but keep in mind port congestion will not go away). Port traffic has increased considerably in the past 12 months.

CGG Veritas/Volstad Marine vessel Atlantic Endeavour now in Conakry, commencement of deep water 3D will begin within days. One of the most advanced ships in the industry.

http://www.volstad.com/Fleet/Endeavour.aspx

10 mil payment to 'transformational investment', can't release details at this time, but deal is not conditional on drilling 2nd well. May or may not be refund of down payment if deal falls apart, depending on reason.

Bought 50% more at 4.07. Averaged to 4.47. Will be nice to see it recover some tomorrow.

this one is dead for a while.

your opinion is fine and all, but this is just ridiculous...

quote:

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just a guess but.....
they struck out. They know it and so does the public. Doesn't mean they can'y find oil, but this round is shot. Move on to something else.

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CB,
why is it rediculous? It's my opinion based on some obvious happenings over the last two days. I have a small position in calls, but not enough to care.

quote:

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why is it rediculous? It's my opinion based on some obvious happenings over the last two days.

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it's obvious you know nothing about oil/gas exploration

^What blue eyes said

How could you say they struck out when they haven't even reached the pay zone yet? They haven't even splashed the BOP. Get a grip.

This is going lower, hold your fire until you see the whites of their eyes

What a terrible day yesterday. Fahraint is spot on....this thing is sinking further.
I only wish I would have gotten out 2 days ago. I am guilty of believing the hype and internet message board posters. I wish I could go back in time and dump HDY and move on.

$4.26 premarket

There is a decent HDY forum on InvestorVillage for those of you looking for additional info (and sunshine pumpers ).

it's obvious you know nothing about oil/gas exploration
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bingo, I don't. However I know PLENTY about when it's time to get out. I am not saying they'll never hit oil, I am saying you can bet on that at a much lower stock price.

Available cash is an issue, at least for the second well.

Do yall think there will be a secondary offering to raise the necessary capital for the next well?

My thinking is that if they raise cash before the drilling results are publically known, it's a dry well. If they wait until drill results are known, well, that's self explanitory.

[This message has been edited by kayakag (edited 11/10/2011 8:50a).]

The only value of this thread is visibility of information.

If you want to make price predictions that's fine but it would be nice if open/filled orders were disclosed accompanying those predictions...to minimize noise and expert hindsight paper traders.

Almost all of the criticism has been shortsighted. Its ironic as nothing is more lucrative in the shorterm than volitility.

For those that are so confident that the bottom is falling out you should make some easy money with a short position.

Save the emotions and bickering for another board...it does no one any good.

Let's see if tute ownership continues to rise in the wake of retail emotion. Got to love those sunshine pumping institutions that keep posting their ownership numbers.

Is that rant directed towards me?

Nope....here is another rant

This stock is my only one in the red today. Not good. Faith in ray is at an all time low.

support at 3.75, 3.6, oversold on the 60 minute, and more support at 3.1. If support breaks 3.1, it could go much lower. I am not buying, watching some other things, but if I were, I would phase in buys at those points, with some in reserve in case it broke 3.1 on the downside.

Good luck, longs!

Thankfully I flipped the lot I picked up at $4.06 for $4.32 yesterday. Figured once we hit $4, this thing was going to freefall as fahraint had said. Looking to pick up some if it gets to $3.60.

I think TA is useful to a point but not sure we would have seen this if the kind of news we had this week had been different, which of course has zero to do with TA.

[This message has been edited by Nom de Plume (edited 11/11/2011 10:38a).]

This thing may get to sub 3 very quickly.

what makes you say that htown?

3.83 -0.13 -3.28%

Nothing has changed. People are selling out of fear...nothing else. The only thing that matters is if they find a significant amount of oil or not. *I am long HDY*

fahraint has been spot on so far....
I just don't have a good feeling. I'm still ubberly pissed with miscalculations and estimations from Ray and company. Inexcuseable, and I certainly wish I didn't have has many shares as I do. Hope I am wrong.

Farhaint said it was time to sell on Oct 5 at 3.90ish...after that HDY went up almost 40% to 5.40ish. No orders were posted just targets with 3.10 at the top of his buy pyramid.

Not sure how that is spot on. He did make a good call on that initial drop early Oct, kudos.

[This message has been edited by thirdcoast (edited 11/14/2011 12:49p).]

quote:

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Farhaint said it was time to sell on Oct 5 at 3.90ish

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Not exactly, all though I can see why you would think that. I took profit for me after a sudden rise...I wasnt calling a general sell for everyone, especially longs.

The first buy point has been met at 3.75....it could reverse from here, or go to the next one at 3.6

ftr, I am not trading this at this time.....if it retests 3.1, I may dabble!

For those interested, I just reviewed the 60 minute and daily chart, both oversold, and now looks like a good entry for a trade.

For those looking longer term investment, the weekly stochastics are not oversold, and it might be better to wait until they are before a long entry

quote:

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The first buy point has been met at 3.75....it could reverse from here, or go to the next one at 3.6

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I've held my tongue on the Technical Analysis stuff on this stock because I believe the drilling results will have a FAR greater impact on the price and are really what's driving it now anyway with a minimal influence from the TA community. But statements like the above are what drives me crazy about TA. It reads like a Politician said it, "it might go up or it might go down." Genius.

The OP has consistently stated that this stock's potential was wrapped up in the results of this drilling effort. If someone wants to trade it using TA in the meantime, then good luck, but please don't confuse that with the investment opportunity that was originally presented. For those of us that jumped in relatively early, we're still in the green despite the recent drop and it doesn't faze me in the slightest.

<rant over>