Pilgrim Petroleum Corp. (PGPM)

[penn_e_pincher]

Someone was bold enough to take $3100 worth of stock at the offer. The wide spread is a dare from the MM's to see how much we really want the stock. In my opinion if there really is demand pressure building up, the MM's will eventually raise the bid up. Since we don't have any news yet, the potential move would be virtually all based on speculation of the higher oil prices we've already seen (but watch out for concerns about oversupply) and the possibility maybe of news "soon" based on recent communications with Pinedo (before his entry into monkhood with the vow of silence). We'll see what happens next week.

penn_e_pincher