AREX Long at $28.42 (re-entry)

Re-entered Approach Resources (AREX) today as its rest seems to be over and AREX will hopefully contine it's climb. You do have to wonder when this rally will peak. If you look at the monthly chart compared with the daily chart you can see what I mean - there is probably resistance at the mid-2008 high of $30. So I'm being very careful to see what will happen. Gas prices were $4 during summer of 2008, so using my simplistic logic, maybe AREX and prices will continue to climb throughout spring and then then world will end (again).