We wanted post a quick note about CRPZ this morning, outlining the fact that the stock once again hit .006 today, 114% higher than its .0028 price yesterday, when it appeared on our extended watchlist, and a full 300% higher than our initial flag at .0015 on Groundhog Day.
CRPZ is just the latest of our covered stocks to enjoy massive gains over a short period. If you have not signed up for our free direct alerts yet, what are you waiting for? SIGN UP NOW
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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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Today’s Extended Watchlist:
AGCZ, BUCS, CRPZ, EXTO
It seems some other groups are finally starting to catch up to the SUNB party, which is a good signal for us to start gathering our things and preparing for departure!
You have to get it where you fit in with these things, and we certainly did just that, so it is time for us to consider our exit, after enjoying a run from .165-.43 for gains topping 160%
GRDO on friday, closed with strong with some significant buying late in the day to finish up 22%.
We’ve got a new support level at .0008, and a key resistance point at .0012, and once the stock can break that point, its headed for blue skies…
The chart is looking nice as well:
We want to be around to see what happens after that occurs.
We are still watching this reader pick that has done well for us recently, with the stock having gone as high as .007. We want to continue to monitor this one in the weeks ahead for added gains.
EXTO has been trading in a tight channel from .006 to .007
We are monitoring for any substantial volume increases, which could cause another pop.
For those who remember, the stock was trading .0025 first mention this past July, and is still holding roughly half of the gains seen from hitting its high of .0129.
Our longtime followers will recall that EXTO made a 415% move after that first call.
Here’s another past pick where the chart is setting up well; it looks like the MACD is ready to cross.
We called APP shortly after it hit its 52-wk low(.52), and enjoyed an unbelievable run to a dollar.
The stock is now trading around .71, so here we have yet another stock holding roughly 50% of its gains. So like EXTO, we will be watching APP closely because we know its potential.
BUCS made higher lows and higher highs yesterday, as this recovering bottom play begins to look really tempting. There are several factors contributing to the ripeness of this play; as you can see from this video chart.
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The next key area of resistance is .03, and following that, there seems to be an awful lot of upside potential. The stock was trading from the .045 to .085 range for the better part of 2011, which is why we consider shares being traded at the current level to be undervalued.
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On Thursday, SUNB experienced the classic “Shaking of the Tree”. After a small gap-up, shares were traded as high as .40.
The inevitable profit-taking caused the stock to dip to .23, scaring off some of the more skittish investors, however, saw it close down just 5% at .36. Savvy traders who timed the bounce properly will have seen gains upwards of 50%
Tacking that on to the already-triple-digit gains leaves the impression that SUNB is aone of our top stocks for the month of February.
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FROI was added to our watchlists back on Dec. 22nd, at the time, trading as low as .0075. That same day, we saw an explosion to its high of .015, for an intraday gain of 100% The close had it up 47% (.011) that day.
From a subsequent low of .0077, to Wednesday’s high of .0118 marks another 53% gained. Currently the MACD is kissing, one of our favorite indications of impending activity.
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TRIDQ has been undergoing a pullback over the past two trading sessions, as can be expected, following its run from .075, where we called the bottom.
We witnessed 325% in gains since our original alert on Jan 9th. We are going to be watching for the dust to settle, in order to time the next bounce properly.
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CRPZ is trading in an increasingly tighter channel day-by-day. We want to monitor this closely, because you never know when a sudden surge could come in (like last Friday) sending the stock soaring.
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In October, CRPZ ran from .0014 on the 18th to a high of .0089 on the 20th. (+536%), and in November it ran from .002 on the 16th to .0074 on the 17th (+270%)
As you can see, the 20DMA is rising toward the 50DMA, trying to cross; a bullish indicator, and the Accum/Dist has recently bounced off of a low. If history is any indicator here, we could really see some more rapid gains in the near future.
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