Larry,
I see that EGY has broken the downtrend while closing above the intraday high for the last three days. It also held support at $7.00. Would there be a reason not to buy here with a stop of any close below $7.00?

Jim

Jim,

Nope. I can't think of a reason not to buy EGY. However, if you get it going your direction try to hang on to it. Close stops don't work with EGY. It's too thinly traded for that.

Larry

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