Keep an eye on MMR, if oil reverses higher this one has a good chance to breakout. I would wait for a move above today’s highs to jump in:
Disclaimer: Long.
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Joined Jan 27, 2008
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I already own this, it is my pick for stock of the year (based only on the hope of gulf drill ban lifted during this year)…but, my question is MHR, I see it ran up .50 cents and dropped back down but was wondering if this thing had any more steam or was that it for now?
Needs to break and hold 17.50. May be all for now.
And they just offered the first permit for deep water Gulf drilling a couple days ago so thats a good sign. I like this one.
RC, check out RAME if you get a chance. The volume is up huge and moving even in AH. I have been in that stock for a long time on someone’s advice, and it looks like it is starting to move.
Somebody’s loving RAME this morning. Finally!