Nova Biosource Fuels, Inc. (Public, AMEX:NBF)

[scmfinance]

i pointed it out over a year ago and said it would be very successful. it definitely has. it moved up to the otcbb and in may moved up to the amex. next few months they should have some more plants opening and i can predict with nearly 100% certainty that this will take off. management and the board is very well experienced and contains a lot of the "who's who" in the energy sector. i think it's a strong pick with low risk (imho).

Market Cap - 300,296,429.16 as of Aug 7, 2007
Shares Outstanding - 110 M
Institutional Ownership - 23.00%

[scmfinance]

<a href="http://imageshack.us"><img src="http://img466.imageshack.us/img466/3791/nbfjuly507xe8.png" border="0" alt="Image Hosted by ImageShack.us"/></a><br/>Shot at 2007-07-06

sold my shares of NBF @ $3.01 on tuesday...didn't think it would break the resistance again that sat right above where i sold. actually, i thought i sold at the top all today, but alas, by the eod, realized no as it broke thru.

it could break out if it breaks the resistance around $3.20. macd looks good but stochs show it is approaching overbought so not sure whether it has the momentum. definitely will watch tomorrow to see whether it has the momentum to break across.

[scmfinance]

Was browsing around their site this weekend and came across an interesting interview with Nova President on CNBC -- not sure when the interview took place:

http://www.novabiosource.com/details...?AnnounceId=39

[scmfinance]

This is a great presentation that the company has provided regarding where they stand currently and their upcoming plans:

http://www.novabiosource.com/details...?AnnounceId=32

As I have said all along, look at the experience of the management and the progress they have already made. Things are developing very well for this company.

[scmfinance]

Crossed the 200MA and closed on the 50MA. Could see a small bounce. Will be curious to see whether or not it crosses that $3 mark again...

[scmfinance]

Originally Posted by scmfinance

Crossed the 200MA and closed on the 50MA. Could see a small bounce. Will be curious to see whether or not it crosses that $3 mark again...

Gapped up which is obviously a bullish indicator. The volume is a little light so I would not expect a quick and powerful run up, but I would definitely say NBF is on a bullish trend at the moment.

[bugeyebug]

I got into this first thing this morning for 200 tentative shares. Looks like some resistance might occur at ~3.0-3.1 or so, so am gonna watch it close around that point. If it breaks through 3, I might buy more on the way up.
-Bug

[scmfinance]

Originally Posted by bugeyebug

I got into this first thing this morning for 200 tentative shares. Looks like some resistance might occur at ~3.0-3.1 or so, so am gonna watch it close around that point. If it breaks through 3, I might buy more on the way up.
-Bug

nice. looks good. trend upwards is strengthening. hopefully it breaks thru that $3 mark.

[scmfinance]

Released news today that they bought the 10 mil gal/year refinery they helped build in Clinton County Iowa a couple years ago for a little over $8 million. They also have a 20 mil gal/year refinery they own 50% of expected to come online in September.

The market reacted negatively, but I feel it was mostly due to the fact the stock reached overbought levels and turned into "sell on news."

Overall, I think this will be positive in the coming weeks.

Also coverage was initiated by Merriman Curhan Ford who upgraded NBF to a buy.

[scmfinance]

Watch NBF as it could have a bounce at the support near $2.60. It's oversold and I'm expecting good things from the stock in September/Early October