BioFuel Energy Corp. BIOF
&
Pacific Ethanol, Inc. PEIX
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.
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BIOF News:
DENVER, Feb. 22, 2012 /PRNewswire/ — BIOFUEL ENERGY CORP. (NASDAQ: BIOF – News) 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.
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A look at the charts on these plays reveals almost identical situations, and more reason for mentioning these two plays in the same breath.
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Charts:
PEIX Chart
BIOF Chart
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Barchart Opinions:
PEIX: “Strong Buy”
BIOF: “Strong Buy”
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America West Resources, Inc. AWSR
Today’s Extended Watchlist:
AGCZ, BUCS, CRPZ, EXTO