BIOF, PEIX & Today’s Extended Watchlist

BioFuel Energy Corp. BIOF

&

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.

BIOF News:
DENVER, Feb. 22, 2012 /PRNewswire/ — BIOFUEL ENERGY CORP. (NASDAQ: BIOFNews) 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.

A look at the charts on these plays reveals almost identical situations, and more reason for mentioning these two plays in the same breath.

Charts:

PEIX Chart
BIOF Chart

Barchart Opinions:

PEIX: “Strong Buy”
BIOF: “Strong Buy”

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

PEIX, BIOF, ICNM – Today’s Stocks

 

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.