declining 10/50 MDA lines and no reason to pop, even following the proxy. Maybe the recent developments in Syria and Iran's election boosts HES.
Those events have not helped HE'S yet, including on Friday. There is something going on. Maybe the run up was too much, and the proxy resolution has only produced daily declines.
This is becoming very painful to hold. Does not see an up day no matter what. Is this what the proxy was all about. I feel so stupid for thinking the proxy battle would change something, on,y has made holding the stock worse. Wish I understood it better
Each year the samething happens to the oil sector. The stocks are bought down so Funds can load up in time for winter and fall. HES, is doing better than ever as management seems to have turned the corner.I always like to add to my positions when it dips, and yesterday was no different...Long term sholders will be rewarded. best advise is not to look at the day to day trading of this company...
IMHO some of both, but more due to a bounce from an oversold situation. A weaker dollar means sales and profits overseas are worth more dollars, so that would help HES. But early in the day the dollar was quite weak already, and HES was still down almost 1%. So I think the late-day rise (on low volume) is more a part of running out of selling pressure by those who were disappointed over the way the proxy fight ended.
it relates to the stock price. Want out of this thing, but not a 7% loss.