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Wednesday, February 23, 2011

BDCO

BDCO is the smallest of the independent oil and gas industry, so naturally it made the biggest move today.It actually broke out yesterday, but it looked a little tentative, as though traders were not willing to pile in until oil proved it was going higher. It did today, so up it went, along with several others in the same group. If you followed the market in 2008, this is exactly what happened leading up to the Great Crash. 



1 comment:

Anonymous said...

PGRI - actually has cash flow and real production - BDCO is junk

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