Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Oilexco Redux

It seems like only yesterday that Oilexco was flirting with a breakout to new highs. Anyone who thinks resource stock investing is easy need only look at the ensuing decline. The good news is the decline has been on relatively low volume and there was a pretty solid bounce on Friday. There are many recent buyers who are underwater on their purchases but none have panicked so far.