BioFuel Energy Corp. BIOF
On Tuesday, BIOF hit a low of .72, only to hit a high of .819 the following day for 14% overnight gain. Yesterday the stock saw some slight downward pressure, and brought about a low of .6635.
We also received the figures for the company’s 4th Quarter yesterday, which is to be followed by a conference call today, March 2nd, beginning at 11:00 a.m. (EST) to discuss the results. To participate, call (800) 944-8766. The participant code for the call is 84358. Approximately 90 minutes following the call, a phone playback will be available for 30 days by dialing (866) 281-6782. The access code for the replay is 167702.
After hours trades were going off in the .90’s after a .72 close, as it seems word of increased earning spread quickly. Based on this activity, it looks as if we could see a morning gap-up today. We will remain wary of course, as usually a gap-up in price is followed by a pullback before the run continues.
Pacific Ethanol, Inc. PEIX
Though they are not directly related, we’ve talked previously about how PEIX seems to share trends and run in tandem with BIOF, granted each stock’s proximity to the alternative fuel sector.
Marketing Worldwide Corp. MWWC
New to our radar this morning, we have good reason to pay a bit of attention to this company. Their business plan which caters to the automotive industry, is in an excellent space, with what we feel is a lot of opportunity for growth.
The management team is highly-seasoned, bringing together folks each with an extensive knowledge of their fields. Altogether they boast over 100 years of automotive experience.
In addition to an exciting backstory, MWWC also has one heck of a chart setup. Coming off of a relative low, one look at the chart reveals extreme promise to all of us bottom-seekers out here.
As you can see, the Parabolic SAR has just flipped over, as well as an imminent MACD cross, and a strengthening RSI is present. It is easy to see why we are compelled by this play.
EFFI, ERII (possible bottom-bouncer)