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What the heck is going on with Pyramid Oil (PDO:AMEX)?

Posted June 18, 2008

Baltimore (TFN): I only wish I knew what was behind the dramatic rise of Pyramid Oil (PDO:AMEX). After going up over 20% yesterday alone, it is now already up another 5% or so.

As reader J.G. commiserated, “I don’t get it. The financials don’t support the price. 13 employees… $3.10 in March.”

I hear ya, J.G. Somebody must know SOMETHING but they’re not telling.

Yesterday, I suggested you use $23 as your stop loss. In light of today’s action, I recommend you bump that up to $27. That would be just over 40% gains if you got in on our June 5 Editor’s PIC recommendation.

Laura Cadden, TodaysFinancialNews.com


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Posted by Laura Cadden · Filed Under Oil and Energy 

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