Wednesday, September 12, 2007

CNEH- China Natural Petroleum Holdings

This stock had a nice run up over the last couple weeks. It spiked on news that this holding had explored unknown areas and came out successful with oil in the area they were exploring. Along with earnings jumping 100's of percentage points.

There are two different points where pullbacks are obvious and it continues to climb. I think there might be a pullback a little bit bigger than those it's already had. Even if it does pullback, I don't know how much steam it'll have in the future to keep going uphill. Next couple days will be good indications of what's going on here. I'll check back in on this on Monday and see how it does.




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