Comments on: HDY Swoons- Shareholders Underwhelmed at AGM

By: micmaz99

micmaz99 — Mon, 27 Feb 2006 15:13:45 +0000

It seems to me that alot of investors played this one from the 50 ma. HDY bounced up right at the 50 ma. What are your thoughts on this? I had hoped it would go lower.

Editor: If you look at the pullbacks of the last 6 months, they have all been to the 50 dma. This time, it dropped down through the 50dma pretty severely before bouncing. I believe this stock can get a lot cheaper if they don't deliver the drilling permits in Guinea soon. It will simply continue to slowly erode. If and when they deliver, the game will be back on. I have sold 3/4 of my positions, and am looking for some sort of hype news release to sell the remainder. Then, will be looking to buy back in cheap. On the other hand, they could get the permits and make me look silly. However, that is the way I am playing it.

By: PNO

PNO — Sun, 26 Feb 2006 23:28:23 +0000

When I read through their financial report I was taken aback at the amatuerish quality of the content. The results of the meeting therefore are really no surprise to me. Time to throw in the hand.

Editor: Agreed- this stock is living on potential. If they don't start delivering on their potential pretty soon, this stock is doomed.

By: Paul Salkaln

Paul Salkaln — Fri, 24 Feb 2006 13:53:37 +0000

I first bought this thing on fundamentals @ .70 Now with all the hype and increased volume it has become a successful trade. Just follow the fear/greed patterns and forget about the dream weaving.

Editor: I'm not sure how anyone could buy this stock on fundamentals as there are none. The company is now generating about $100k per month in revs and sporting a $100 million market cap. They are going to need to deliver some really tangible developments this year, or this "story" will run out of legs, and the stock will trade at the $5 million market cap it deserves. Nevertheless- good trade from $.70- you must have been holding this one for quite some time.

By: martin kraslen

martin kraslen — Thu, 23 Feb 2006 13:45:51 +0000

What if any do you think is a good entry point for this stock, considering what you have digested from tha shm.

Editor: After the rebound, wherever it grinds down to will be the next good entry level. I don't know exactly where it will be.

By: Anonymous

Anonymous — Wed, 22 Feb 2006 20:59:40 +0000

I took your advice and sold 2/3 of my position between 2.70 - 2.10. I did this for the fear of this crashing further and I could not afford to lose the money. During this uncertain time, I prefer to be on the sidelines. However, I do believe in HDY long-term if they can get the new PSA and permits. I don't think they did work with PGS, TDI-Brooks and Infoterra to come up empty. Not to mention get Poling on the board. This could take time and I'm willing to wait. My question to you is: When should I get back in. It's nerve wracking being on the sidelines knowing news could hit anytime. Thanks.

Editor: I believe the company will come out with some news release in the next week or so to put some excitement back into the stock. It will then surge, which I believe will be the next selling opportunity. From there, wherever it decides to drift down to over the next several weeks would be a good entry point. I can't say where it will be yet. This is all just guesswork. You never know for sure when it's going to happen. In the meantime, just getting the permits is only a baby step in the whole process. This company is basically broke, so they will need money, a partner, etc. If this is going to be a multi year play, there will be plenty of other opportunities.

By: micmaz99

micmaz99 — Wed, 22 Feb 2006 15:22:31 +0000

From what I am reading it is almost time to get back in. Investors have made their expectations too high. I think you are right, there may be another opportunity here.

Editor: Thank you for your contribution.

By: nopumpnowbash

nopumpnowbash — Wed, 22 Feb 2006 14:18:47 +0000

Wish I had heeded your earlier observation that Gunea, if and when it happens, will take some time. Should have sold earlier.. Management is in my opnion very amateurish and pathetic ! As I had observed earlier, a small time inexperienced company trying to act big ! Kent Watt' interview by AMEX was one of the most pitiful interviews I had ever seen by a CEO. That alone should have warned me away from this stock. Truly has it been said , greed gets you all the time ! Hope these so called "loyals" buy big..Will give us all a chance to sell and get out. -nopumpnowbash

Editor: Thank you for your contribution. Duly noted.

By: WF

WF — Wed, 22 Feb 2006 01:27:30 +0000

i read the stockholder meeting report and in a nut shell it was very disappointing, lacking any positve overtones. just mouthing words. it was a pathetic round of excuses / reasons for HDY's inability to meet any of their expectations for projects in both Guinea and Louisana. regretfully i have now turned pestimistic instead of optimistic in my view of HDY. i will most probably wait for the next spike, if one should come, and sell my shares ASAP and move on.

Editor: Well stated. I am looking at it a little differently. I will probably sell, but I will be looking to get back in. I don't believe this cat has used up all of its 9 lives yet.