GeoResources, Inc. (GEOI)

I like this company a lot. Small caps are tougher to find and follow but the return is often worth the trouble. The thing that attracted to me to this company originally in October 07 was that is was in the energy sector which I percieved was undervalued at the time and that the management of the company had seemed to make consistent, conservative good decisions. Anyone who has had much dealing with energy company management know that consistent, conservative and good are not often used in the same sentence. I picked five stocks at the same time looking for one that I thought could get me my 100+ icon. Two of those had good runs and looked toppy so I have sold them. The other two are in the basic metals sector and I still like them, CLF and RIO although I would not probably be a buyer of either at these levels. However, GEOI to me is kind of like a Fool Rule Breaker. I bought some for my own account about the same time I added to Caps and then added to that position right after the first of the year. Evaluating their recent acquisition and their 8-k operational update as well as the increased capital budget, I am seriously thinking about adding some more at these levels. To me, this says a lot about how much I still like these stocks because I am not sure that I have ever added to a position when it was setting 52 week highs. Since I am in this for the long term, adding at these levels doesn't scare me at all.