I looked at Plains Exploration (PXP) and damned if it doesn't have a pretty interesting chart. It is making regular new highs. It came public around $9 less than a year ago. It dipped to slightly below $8 and has been up hill ever since. There is a super solid support line back at $9.50 or so and significant support at $12.50, and assuming you don't want to chase it, a pull back to around $13 or $13.50 'should' start any day now, which would create a buy opportunity. I have it on my watch list now and plan to buy if it pulls back on light volume. I am packing to leave for Arizona and don't have time for a deeper look. One of you folks needs to check insider buying, fund purchases, IBD rating, etc.

 
I have heard of many small companies in the LA area extracting oil and gas for a long time - some are right in the middle of populated areas - from a story that was brought to the spotlight from Erin Brokovich about lawsuits for the people living next to the drill sites and their higher cancer rates. I think one case they had a well on a school's property and made it look pretty by covering the drill rig with a decorative cover. Other than that, no. MOT is still looking good, I should have bought. Bert, read the charting book 3 times last week while fly fishing and drinking. I can relate to the book and will start to try applying soon.

 
Ever hear of Plains Exploration? It has been doing deep sizmic (sp?) tests in the LA area and finding that there is a lot of untapped oil in that area. CEO is son of CEO of Exxon-Mobil. Chart broke out to new high today. Any opinions?