BioFuel Energy Corp. BIOF & Pacific Ethanol, Inc. PEIX
BIOF was a nice overnight gainer for us, racking up a 55% increase.
Our first alert came the day before yesterday at 3pm; the stock was trading at .80 at the time. Yesterday the stock gapped up and ran strong out of the gate, hitting a high of 1.24.
We hopped on BIOF because we saw the surge from PEIX and though these two companies aren’t affiliated, they have a connection of being in the same space.
We want to keep these two on our radar moving forward. For now we are sitting on the sidelines waiting for a pullback.
Our confidence in these Ethanol related stocks stems from our confidence in the corn-based biofuel itself. With federal mandates requiring higher ethanol blending rates in gasoline, and associated tax credits set to expire by the end of the calendar year, ethanol futures are hot right now, and should remain so for the foreseeable future. We should also see demand increasing steadily leading into the 2015 deadline for total compliance with the new mandates.
For these reasons we will certainly be keeping PEIX and BIOF on our radars going forward.
Icon Media Holdings, Inc. ICNM
ICNM is a fairly thinly traded stock with current support levels at .03, and resistance at .10 and .11. The next resistance points following those appear to be .145 and .16. As of recently, there has been some light accumulation, and because of the light volume and tight share structure (21M in float, 101M O/S) any little bit of buying can bring rapid PPS swings.
RALEIGH, NC, Nov 17, 2011 (MARKETWIRE via COMTEX) — Icon Media Holdings, Inc. (PINKSHEETS: ICNM) announced today that the Company has launched a storefront on Amazon Canada. This particular venue has been successfully in operation for the last four months under the brand name “Punt Dog Posters.” Product add-ons such as framing and laminating are also being offered, allowing for higher average order values.
The storefront can be found at http://tinyurl.com/7hbwx3q.
ICNM owns and/or operates e-commerce websites that offer both new and classic movie posters and custom framing at retail. The company runs numerous websites, as well as selling their products on third party storefronts such as Amazon, Amazon UK and eBay, among others.