BIOF, PEIX & Today’s Extended Watchlist

BioFuel Energy Corp. BIOF

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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.
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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

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

BUCS, AGCZ & Today’s Extended Watchlist

Business Continuity Solutions Inc. BUCS

BUCS was first added to our watchlist a week ago today, as a bottom bounce play. We noticed the RSI recovering off of being slightly oversold, as well as a hint of a turnaround showing in the MACD.

At that time the PPS sat at just .025. Yesterday, the stock saw trades going off at .033, marking a 32% uptick in a week’s time. We notice that the bid support on this play is growing stronger, in the mid-to-high .02’s.

Last year, the stock was used to trading in the .05-.08, and has been as high as .055 as recently as Jan. 26th, leading us to believe that at the current PPS is in a good range to see additional upside.

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Andes Gold Corp. AGCZ

AGCZ has been on a steady uptrend this month, making higher lows and higher highs. On Thursday, the stock was up another 33% on the highest volume it has seen in over a year, yet there has been no recent announcements from the company.

With all of the volume that has begun to flow through AGCZ, we want afford it a spot on our watchlist moving forward, as the added activity could be a catalyst for added gains, should the momentum persist.

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Today’s Extended Watchlist:

Explortex Energy, Inc. EXPX

Exit Only, Inc. EXTO

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America West Resources, Inc. AWSR

EXPX – Explortex Energy, Inc. – Possible Bounce-Play?

Explortex Energy, Inc. EXPX

EXPX has traded nearly 10X its 10-day average volume, and was down considerably this afternoon. When we see this phenomena, it always gets our bounce-play sense tingling.

Three times in the past ten weeks, EXPX has produced gains ranging between 50-200%, and today the stock has begun to exhibit signs of a bounce after having undergone a fairly large sell-off.

That is why we wanted to add this play to our radars this afternoon- it should be interesting to see how things unfold with this heading into the end of the week.