GREY:EXTSF - Post by User
Post by
Tokatoon Apr 25, 2007 3:35pm
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Post# 12674084
Buying opportunity with pullback
Buying opportunity with pullbackLooks lik the juniors are pulling back a bit. This will be the consolidation for the next big upward move.
Oil up over $1.00/bbl to well over $65/bbl. Gas inching up as well. PCA (th dog of the large caps) had a blow-out quarter and now riding high. ECA had decetn quarter and moving higher. Large caps setting new highs (PCA the exception, but just watch that puppy move in the next 30 days).
Juniors will follow. They always do. This is not a stock jockey call just because large caps strong. It is based on strong fundamentals (rising oil and gas prices and improved drilling success for many juniors, especially EXA). It is just merely waking institutional investors to start reonvesting in the juniors as all most of their attention still in large caps.