Good-Bad-Right or Wrong loaded up when it hit 35
Good pullback--Is it over? IMO we saw the low today. I think if we close around 36 it would say a lot of hitting bottom. I was watching the trades and a lot of stops were hit.
I own it and admit that I am pretty mystified by the action of the last 2 days. With no news, my guess is that there are takeover/asset sale rumors swirling around PXP. I think it's ultimately going higher but would not add to my position here and would like to see it quiet down a bit before I'd add to the position.