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Strategies & Market Trends : Strictly: Drilling II
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To: Louis V. Lambrecht who wrote (26331)1/22/2003 7:14:13 PM
From: Roebear  Read Replies (2) of 36161
 
Louis,
don't understand the $4.25 pricing. This is a 100 days average price...Unless HL really needs the money.

Well, I don't understand the pricing either, but the market quickly adopted it as a target (who am I to argue, so I did too, ggg).

Like many moves in the pm stocks, the real reasons for large price movements are often unknowable in real time by us traders or investors.

We must make do with our TA and our estimates of the risk and reward, our way of playing the blind men and elephant game.

Best Regards,
Roebear
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