Pilgrim Petroleum Corp. (PGPM)

[pero_gonz]

"PGPM anything that deals with oil is getting a push and rightfully so. You are hearing all sorts of talk in the media, some "experts" stating $200 oil is coming by Memorial Day. If your going to be paying that much to fill up your car, your going to be needing a lot more money. What better way to capitalize on the growing price of oil than trading some oil penny stocks, as they have become the latest rage in this market. The torch has been passed from the gold stocks to the oil stocks. PGPM burst higher today at around noon and held on to most of its gains in a volatile session. Tomorrow should decide the longer term fate of this stock. If it continues its climb we could have a real monster on our hands. If it slowly bubbles back into the earth, well then we better find a better way to make up for these higher gas prices."