must be in denial, page-8

Hi sdm
Very interesting price action continues.Although the daily closes are on or close to the lows, the great majority of trades are in the mid range.Speaking of daily price ranges--these remain very narrow.All good signs.
Some of the sub-underwriters must be feeling the pinch though.These smaller guys (we don't need to feel sorry for them!)are looking at loses.If the general market doesn't fall out of bed--technically does look a little iffy--HDF should recover.