TH it's a good point about being careful at these times when the market gets the jitters, but often it is weeks like these where the more astute investors grab the good stocks on the cheap.
The reckless investors who liquidate their holdings purely out of fear are the ones who should be the most careful at the moment; for example the person who sold at 20cents yesterday must be feeling a bit regretful about that decision.
In reality, the thermal coal market should be unaffected by these troubles in Japan, and this in turn should mean that the fundamentals of HDG remain unchanged on the coal front.
Sure, the Japanese economy is going to take a sizeable hit through this tragedy, but the rest of the world is still going strong.
For example, with the world's population only growing, and N-Power coming under scrutiny, there should be no decline in the demand for thermal coal. After all, we all need electricity!
Long story short, any further intraday slides like we saw on Tuesday should be seen as a golden opportunity to top up.
There are only a handful of other stocks out there right now whom I feel can contend with the potential that HDG holds in its very hands. With a market cap of just $13M as of close today, the only way is up in my opinion!
HDG Price at posting:
27.0¢ Sentiment: LT Buy Disclosure: Held