Rule62,
I appreciate your perpespectives and the factual data you always provide in support of them.
This is JMO.
I think the big money tutes know they have at least another month, so they will continue to play, as you say, "thier old tricks to try to scare people into bailing."
I don't think they need our retail shares to cover. They would LIKE to have them to cover, but they have their own to use for covering to limit their losses if they have to.
I think they have made alot of money on HDY by selling calls and puts at the appropriate time. I know one person that bought January 2013 calls for about 4 times the current selling price.
I'm holding and maybe will increase my position based on all of the options the HDY management exercised this summer. As we know, the value of HDY is in the concession, not in the market. Hopefully one day soon, the market will get the news it needs to jump back on board.
PeterJ
