Pyramid Oil (PDO) Skyrockets Today

August 13, 2008 5:25 PM EDT
Volatile Pyramid Oil (NYSE: PDO) skyrocketed today after reporting strong earnings this morning. This stock has been a trading favorite among traders in the oil sector. In just the past few months, Pyramid Oil has risen from as low as $8 to as high $33 and back to $9 per share. Today, Pyramid Oil rose $4.18 or 44.95% to $13.48.

Pyramid Oil used to be a favorite of small cap stock picker, Superman. You can read one of his posts on Pyramid Oil here. He introduced Pyramid Oil as one of his favorite picks when it was still in the signal digits before it ran up to the 20s. However, his most recent picks have been somewhat stagnant or have fallen, but only time will tell if some of his long-term picks prove out. Some of them include: Taylor Devices (Nasdaq: TAYD), Heckmann Corporation (NYSE: HEK) and Energy Recovery (Nasdaq: ERII).

Taylor Devices, Inc. is engaged in the design, development, manufacture
and marketing of shock absorption, rate control and energy storage
devices for use in various types of machinery, equipment and structures.
Heckmann Corporation (Heckmann) is a blank check development stage company.
Energy Recovery, Inc. is a global developer and manufacturer energy
recovery devices utilized in the water desalination industry.
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