Does anyone have any fresh comments about BECky, or is everyone patiently accumulating stock?
I think we should see prices firm up soon (e.g. within 60 days), as, IMO, the tech bubble is about to burst. I've seen it before with other sectors. When the dogs of a hot sector double and triple on no news, it's a sure sign the rally in that sector is at its peak. Check out the numerous PRs from these "tech dogs" stating they have no explanation for recent market activity. There's a ton of them.
This being the case, at least in my mind, I figure the long ignored O&G sector is in for a serious rally, as some of this money finds its way to quality, undervalued O&G Companies. Unlike previous O&G rallies however, investors searching for big returns may pump more money into the small quality Co's, than in the past. This would bode well for Co's like BEC.
If I've called it right, next week should prove interesting.
Regards,
JT |
