Its that time of year again. Keep eyes on penny oil stocks. They will be pumped! Be careful, but be smart.
If anyone remembers last years oil run up it was high prices at the gas pumps and rumors on the pennies made them sky rocket.
If you care to place your bets, remember Docs words... volume. The past volumes paints the picture. Don't believe that a company has drilled and found a huge unknown amount of oil.
Have situational awareness (charts), adapt (plan your move) and overcome (make a profit). Take all emotion out of your trades. Let the charts be your guide.
--Good Luck