Pacific Ethanol (NASDAQ:PEIX) produces and markets low carbon renewable fuels in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho, and Washington. PEIX has a market cap of $36 million. Technically I like PEIX here as a retracement play between $1.26 and $1.60 short term and would not be shocked if it traded as high at $1.90 – $2 in a bull market. Support is at $1.20 and $1.02. I traded PEIX successfully Wednesday into Friday for 13% and will look for another entry soon.
BioFuel Energy (NASDAQ:BIOF) engages in the manufacture and sale of ethanol and its co-products in the United States. BIOF has a market cap of $86 million. Also a solid retracement play I like BIOF from $.76 to $1.20 short term and would not be shocked to see it between $1.24 and $1.50 in a bull market. Support is at $.72 and $.65.
China TechFaith Wireless Communication Technology (NASDAQ:CNTF) operates as an original developed products provider that is focused on the original design and sale of mobile phones in the People’s Republic of China and internationally. CNTF has a market cap of $77 million. I’d already be in CNTF last week if I didn’t have 6 open swing trades already. With support at $1.71 the upside here is $2.10 before resistance followed by $2.20 – $2.60 in the short term. It’s currently trading on $4.46 cash per share so if and when it gains traction I think CNTF could double if not triple from here.
E-Commerce China Dangdang (NYSE:DANG) operates as a business-to-consumer e-commerce company in the People’s Republic of China. DANG has a market cap of $366 million. I said I liked DANG last week from these oversold levels and believe it’ll uptrend in a bull market from here. Support is at $4.62 and $4.36 with upside around $5.70 short term. This space in general has been beaten up and could bounce on short interest alone.
Dry Ships (NASDAQ:DRYS) engages in the ownership and operation of drybulk carriers and drilling rigs that operate worldwide. DRYS has a market cap of $842 million. I like DRYS on this turn here at $2.15 with resistancde at $2.60 before it could challenge $3 again in a bull market.