I bought the stock once it crossed resitance of 11.50 and doubled on my 12 dollar calls. The reason I mention this is TLM breaks out two to three weeks before PWT if you follow the charts. i HAVE BEEN WRONG ON SOME BREAK OUT MOVES OFF THE BOTOM BEFORE MANY TIMES. I will now only go superlong if the stock breaks 11.50 with conviction volume. There are alot of ten percent break outs and then pullbacks , about 4 so far. finally one break out has to stick. Its behaving alot like RIM which was in the dumpster for 4 months before it started its meteoric rise. I still think RIM has another double left in it before May. I am holding a small position in Penn West. If you see TLM approach 13 and PWT cross 11.50 then I am going to go ALL IN in a long position. Last year the rise went from November to March before the slide. The market rarely gives you the same move twice or it would be too easy to make money. This year when we were all expecting seasonal strength we were treated to a 52 week low. Unloved by analysts and beaten down every turn its exactly like RIM. PWT has been in the doghouse now for 4 solid months at a time when other giants are starting to move. This will not last long but my criterion for going long is when TLM approaches 13 and PWT hits 11.50. I will not jump on the first dollar as this could be a typical ruse.