Steve,
It's rare for the OSX to move this far this fast without a sizable correction.
When I thought the top end for this run was 90-95, I expected a pullback to around 80-85.
With the war factor, the telcom melt down and current oil and NG prices, it's difficult to predict.
We may be in a NG shortage by the time the war factor dies down.
I would focus on the laggards and buy on any weakness.
Picked up some more HAL near the lows for the day on weakness, there will be others.
The stocks that I believe have the most upside right now are PGO, WG, MVK, NSS, KEG, OLOG, HC and HAL.
Still believe PGO is by far the one stock that has the most potential and very little downside risk.
I'd almost be willing to place 100% of my assets in PGO at this price.
Good luck,
Jim |
