Pilgrim Petroleum Corp. (PGPM)

[dashrip417]

Run will start in a day or two, after

the impatient sellers finally stop selling here in the .045 range and when we then uptick above .05 again sometime this week. I am guessing tomorrow afternoon, a close of even .052 on either Wednesday or Thursday will set us off on a run to .15, sans news.

I was encouraged by the dropoff in volume over the past two days since the big 13 million shares volume green surge on Friday.

Up on big volume, down on much lower volume = bullish. Congrats to those who grabbed shares in the mid to low .04s. That is just smart buying. (Smarter than me.)