Topaz Resources Inc. (TOPZ)

[OilStockReport]

$0.10 was important to break if it was going to break out considering its ceiling over the last few months. When that didn't come I unloaded most of my position since this one was heavily touted and that probably meant a pull back. While it might stabilize come Monday I would remain cautious and wait for a new bottom to form.

The upside still exists but can't ever tell when this much promotion is going on. The other thing to factor in is with the 10q out after market it shows over half a billion shares outstanding which equates to over a $25M market cap here. This might be hard to hold unless they have good developments coming.