Finally........a pull back

I was hoping for a pull back to get the froth out of some of the stocks that have no reason to be going up 100% a day, namely PAN and JML. The Four Horsemen sold off as well around 3:00 and finished well off their highs for the day. Watch out for the naked shorts on Altai tomorrow. I'm guessing they'll try a take down to the 3.00 range to cover their miserably underwater shorts so watch your stop losses as they'll steal your shares. Have done it twice in the last 2 weeks and will try again.

The first closeology land pump happened this afternoon with x-terra resources (XT.V). They claim they applied for claims in the heart of the utica shale play but they couldn't be further from the truth. None of the claims can even smell Utica shale gas. Didn't matter to the herd who buys before they think. This will surely deflate rather quickly but I wouldn't rule out another big run tomorrow.

Good news on the Maritime shale front. Corridor announced today they will accelerate their shale gas play in Elgin New Brunswick, which if successful, will light a fire under the all ready hot Contact Exploration (CEX.V).

Finally on Mundiregina, a fellow research hound has found out that the Mundiregina land was farmed out to Suncor last year by Anne and Jerry McCullough. Too bad as they blew the chance for a million dollar lottery prize.


That's all folks.