3SOF

Good move.  BTW, I'll probably be out of the rest of my CAFEW early tomorrow and wait for a pullback...

Looks like bdco is ready to move.

On the move......
+44.58%.......Volume....1.3 mil .....pre market

today will be interesting....


chart:

Quote from: Melf Elf on July 18, 2005, 03:40:34 PM
I sold my postion at 3.58 for a 22.6% gain. 

The open today also was 3.58.  If we close here, today's candle is going to be a big gap up doji star. 

I've had BDCO on my radar since I sold the July 18 gap and crap on the news of the Manti agreement.  It's been a lousy performer given how much oil has rallied, but we have to remember that alot of "good news" already was factored in on that 763% rally in February-March.

Question is, does BDCO have any more rally in it, or has everything already been factored in, and was the March high a major top?  We had another gap and crap toward the top of the pattern on September 2.  The gap is from 2.50.  I'd like to see that gap get filled, and maybe a little lower than that, then a rally back to the top of the pattern, and even better, a breakout.

If we rally from 2.50 and only make a Double Top at the March high of 4.92, that's a very nice 96.7% gain, so it seems worth watching.

MACD is above its signal line, and also above zero.  Another thing I'd like to see is for MACD to head back down toward its signal line, hold at or near zero (forming an Inverse H&S), then bang higher.
MACD chart is below the price chart. Sorry about the annoying horizontal scroll bar. 

BDCO currently is down $0.22.  BID 2.78...ASK 2.79

On Friday, BDCO also broke above the Kumo (Cloud) on the Ichimoku chart, like MPET did earlier in the week.  If BDCO can take out 2.72-2.74, it should challenge the top of this Symmetrical Triangle, a year-long consolidation of the 763% gain last February and March.  The top of the triangle is at 3.20ish; the near-term Ascending Triangle measures beyond that.

nica33 selected this one in Contest #3. Applause.  Looks like a real decent pick.

Here's the two-month Ascending Triangle with Left leg and Right leg targets.  Both targets (3.42 and 3.61)  are above the top of the year-long Symmetrical Triangle, which currently is at about 3.21, falling daily.

The targets are IN PLAY on a print of 2.75.

BDCO successfully held the bottom of the Kumo late last week and now is back above it, and looks headed to the top of the Ascending Triangle at 2.72-2.73.  Nice base for a breakout up there.

BDCO currently is BID 2.54...ASK 2.55, up 6% on the day.

Blue Dolphin moving in the pre market.....

BLUE DOLPHIN ENER (NasdaqSC:BDCO) Delayed quote data 

Pre-Market (RT-ECN): 2.94  0.75 (34.25%) 

Press Release Source: Blue Dolphin Energy Company


Blue Dolphin Energy Company Reports Fourth Quarter and Year End Results
Thursday March 30, 5:13 pm ET


HOUSTON, March 30 /PRNewswire-FirstCall/ -- Blue Dolphin Energy Company (Nasdaq: BDCO - News; "Blue Dolphin") reported net income of $909,198 on revenues of $1,675,156 for the quarter ended December 31, 2005, compared to a net loss of $616,827 on revenues of $475,341 for the quarter ended December 31, 2004. Fourth quarter 2005 results improved primarily due to increased revenues from the sale of oil and gas of approximately $1,245,000.



                                      (In thousands, except per share amounts)
                                                  Quarter Ended
                                                   December 31,
                                                               Net Change
                                           2005       2004    2005 vs 2004

    Revenues                              $1,675       $475      $1,200
    Net income (loss)                       $909      $(617)     $1,526
    Net income (loss) per common share
        Basic                              $0.09     $(0.09)      $0.18
        Diluted                            $0.09     $(0.09)      $0.18


For the year ended December 31, 2005, the Company reported net income of $541,386 on revenues of $4,511,183, compared to a net loss of $2,500,334 on revenues of $1,435,646 for the year ended December 31, 2004. The improvement in annual 2005 results was primarily due to increased revenues from the sale of oil and gas of approximately $2,740,000 and increased pipeline operations revenues of approximately $361,000.




                                      (In thousands, except per share amounts)
                                                   Year Ended
                                                  December 31,
                                                               Net Change
                                           2005       2004    2005 vs 2004

    Revenues                              $4,511     $1,436      $3,075
    Net income (loss)                       $541    $(2,500)     $3,041
    Net income (loss) per common share
        Basic                              $0.06     $(0.37)      $0.43
        Diluted                            $0.06     $(0.37)      $0.43

There are currently 11,140,734 shares of common stock issued and outstanding.

Blue Dolphin Energy Company is engaged in the gathering and transportation of natural gas and condensate and the development and production of oil and gas properties. Questions should be directed to Gregory W. Starks, Treasurer, at the Company's offices in Houston, Texas, 713-227-7660. For further information see our Home Page at http://www.blue-dolphin.com .

Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are "forward- looking" statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words "expect", "plan", "believe", "anticipate", "project", "estimate", and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, prices of crude oil and natural gas, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
--------------------------------------------------------------------------------
Source: Blue Dolphin Energy Company

Expecting upside action after favorable earnings report.
Double Bottom (Reversal) Pattern in place.

Technicals
Last Price Quote is:
0.40%above 13-day EMA
-0.45%below 50-day EMA
RS Rating: 48 

Fundamentals
Reports Earnings
Earnings Expected on Apr 3

Key Data:
Market Cap (M): $25.44 

Double Bottom (Reversal)
The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in between.
Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed.
It is important to remember that the double bottom is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow, OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top, it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.

Pre Market was good...Outstanding volume in this morning's trading.
Good future prospects
Earnings came in good. the stock is down and cheap, a good buy, JMHO...

Volume: 3,600,561
Avg Vol (3m): 119,476

Technicals
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
62.75%above 13-day EMA
61.37%above 50-day EMA
RS Rating: 96 

Fundamentals
Earnings Expected on Apr 3

Key Data:
Market Cap (M): $25.44 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/

Big volume

Rockin in the pre market.....

BLUE DOLPHIN ENER (NasdaqSC:BDCO) Delayed quote data 

Pre-Market (RT-ECN): 4.55  1.23 (+37.05%) Volume @ 726,295

Now @ 53.01%.....Volume......@ 1,517,324......