Tag: BIOF

BIOF, PEIX, MWWC | Today’s Stock Watchlist

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.

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Extended Watchlist:
EFFI, ERII (possible bottom-bouncer)

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

BIOF, ICNM – Today’s Stocks

 

BioFuel Energy Corp. BIOF

BIOF hit a high of 1.10 on Thursday, a 10% gain. Although we are still sitting on the sidelines with this one, so far during our coverage of the stock, there have been several opportunities for flippers to have a field-day with BIOF.

Yesterday alone saw a 22% run from .90 to 1.10, dipped back to .85, and closed at .97, for an added chance at another 14%

In our opinion, the party isn’t quite over for these ethanol related stocks due to the current conditions affecting ethanol futures.

Icon Media Holdings, Inc. ICNM

ICNM opened at .07 on Thursday, and subsequently hit a high if .095, a sweet 35% gain. We are glad when our new picks fare well on the first day of coverage, as it can sometimes take a few days.

Volume was great yesterday, and it appears as if there is solid support at .07, which we would like to see the stock hold going into the weekend. We do have key resistance at .10, which will be the major hurdle to get over moving forward.