RE:Anyone....bago wrote:
else notice the volumes on energy plays up big and on the upside lately. Tells me that smart money and big money is starting to buy energy. Long term this is the place to be as most other sectors are over priced. The month of May might end up being good for energy as funds may sell other sectors and move into energy plays. I look at GTE who is done very well the last week and happy to own tons of it it's trading huge volume all week. BTE is also had nice volume as well as many others. The market is just primed for some news of any disruptions at all in supply and oil is ready to break out....glta
I have noticed this. Money is moving towards these stocks in a big way. Even when oil pulls back, they still go up. Meg got punished today, but it has had some good gains last couple days.