CRPZ | Convenience TV Inc. | Momentum Alert

We wanted post a quick note about CRPZ this morning, outlining the fact that the stock once again hit .006 today,  114% higher than its .0028 price yesterday, when it appeared on our extended watchlist, and a full 300% higher than our initial flag at .0015 on Groundhog Day.

CRPZ is just the latest of our covered stocks to enjoy massive gains over a short period. If you have not signed up for our free direct alerts yet, what are you waiting for? SIGN UP NOW

SPAH | Spectrum Acquisition Holdings, Inc.

Spectrum Acquisition Holdings, Inc. SPAH

We have a new play for you this morning in SPAH, that comes on the heels of a 14% increase on Monday’s session. The stock is currently boasting an RSI that looks oversold, and in general, a favorable chart setup to possibly see further gains.

Apart from the promising technicals, this company operating in the mining sector has properties in the Shasta Cascade mountain region, which straddles the Oregon and California border. With prices of precious metals having been on a steady rise for the past couple of years, and no visible signs of slowing, which is why we always have an eye out for a good mining play.

Not your every day mining outfit, Spectrum is currently pursuing a variety of patent applications in what is being referred to as the “bio-mining” sector. These include various bio-processing methods/apparatuses for ore, in addition to a laser-guidance system for use with an industrial stone-cutting system.

More info: http://www.mineamerica.com

BIOF, PEIX & Today’s Extended Watchlist

BioFuel Energy Corp. BIOF

&

Pacific Ethanol, Inc. PEIX

Although these companies are not linked, because of sharing a common sector (alternative fuels), it appears as if they are subject to many of the same trends and outside influences.

BIOF was first added to our radar back in mid-November. We caught it in the middle of a run, and watched it break out from .80-1.25, making overnight gains of more than 50%

We added PEIX on the same day as BIOF, due to a similar surge in buying. The stock saw a subsequent run from 1.01-1.85 (83%)

Both of these stocks have seen a pickup in buying much like we saw in November, and with many analysts calling for gas prices to continue to rise to $4.00 and beyond, we want to keep a close watch over alternative energy plays.

BIOF News:
DENVER, Feb. 22, 2012 /PRNewswire/ — BIOFUEL ENERGY CORP. (NASDAQ: BIOFNews) announced today that it will be releasing its fourth quarter and year-end 2011 earnings on Thursday, March 1, 2012, after the market closes.

The Company plans to host a conference call on Friday, March 2, 2012, beginning at 11:00 a.m. (EST) to discuss the results.  To participate, please dial (800) 944-8766.  The participant code for the call is 84358.  This call will be available for phone playback for 30 days by dialing (866) 281-6782. The access code for the replay is 167702.

A look at the charts on these plays reveals almost identical situations, and more reason for mentioning these two plays in the same breath.

Charts:

PEIX Chart
BIOF Chart

Barchart Opinions:

PEIX: “Strong Buy”
BIOF: “Strong Buy”

America West Resources, Inc. AWSR

This is the latest promo stock that has been bouncing, on Friday running intraday from .50-.93 for an 86% gain. It has been the subject of a lot of chatter over the past week, so we are keeping our eyes peeled on this one.

Today’s Extended Watchlist:
AGCZ, BUCS, CRPZ, EXTO