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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Sirius_Rich who wrote (3108)12/27/2004 9:41:57 PM
From: Venditâ„¢  Read Replies (2) of 8752
 
Rich,

Re: HYPD

10/15
News release correlates with price serge and volume spike.

marketwatch.com

The chart spike: 10/15

139.142.147.218

Hyperdynamics' SCS Satellite Study Reports 108 Oil Slicks; Study Confirms and Corroborates Working Petroleum System
12/9/2004 4:00:00 PM
HOUSTON, Dec 9, 2004 (BUSINESS WIRE) -- Hyperdynamics Corp.'s (HYPD) SCS Corp. announced today that Infoterra, the European satellite imaging company contracted to provide a "Global Seeps Study" over the SCS concession, has completed its work. The results showed that 108 oil slicks were identified over the offshore concession area. ...

My questions are if I were an investor is this: Does this company have to report to the SEC? If no then I am out of here.

Is this company is funded by an off shore venture capitalist? Then I am out of here.

The chart above shows that HYPD trades 25,000 shares per day or very low daily volume to make it a candidate for a swing trading or day trading play.

To be viable day trading or swing trading stock, there must be at least 1mm shares per day traded on that equity.

Don't take my above post as anything more than candidnist. I used to trade pennys and I understande the mindset of the average penny trader.

I for one have made big money from biotech stocks when they were in season. I bought TGEN at 1.50 (5000) and sold 3 weeks later at 7.33.

:-)

Reid
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