3SOF

been watching this in the pre-market on CNBC and it's unbelieveable how it's been climbing.
Wish I had some of this one.
Goodluck to all holding

Read my last post on the OLAB Thread.
I think BDCO has much of the same scenario as OLAB.
Set up for a nice week.....JMHO of course.
Float (mil) 6.00
Shares Outstanding (mil) 11.11

Volume: 3,642,893
Avg Vol (3m): 595,032

Technicals
Percentage Gainer

Last Price Quote is:
45.98%above 13-day EMA
89.55%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $54.66 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/

Double Bottom (Reversal) Pattern
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.

Read their recent 10KSB (March 30th filing), and you will find a "turnaround" story for the company, in addition to favorable outside environment and their exploration is very successful.
Link...  http://biz.yahoo.com/e/060330/bdco10ksb.html

Volume: 10,225,155
Avg Vol (3m): 643,029

Technicals
Record Price High
Most Actives
Percentage Gainer

Last Price Quote is:
95.20%above 13-day EMA
161.87%above 50-day EMA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $54.66 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

Good play (applause)

That's just outstanding,
and just what you might have expected from the technical picture.
Now from here we'll soon see what this has really got.
Some short covering probably helped it make the new high.
The new high, that was needed technically, has been put in we should see what
all the volume we've seen in this means.

Volume: 11,474,453
Avg Vol (3m): 976,884

Technicals
Record Price High
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
69.96%above 13-day EMA
153.31%above 50-day EMA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $68.66 

Strong hands watched it fall to current levels without selling.
Rising above resistance !

Technicals
Last Price Quote is:
23.85%above 13-day EMA
29.34%above 50-day EMA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $52.31 
P/E Ratio: 32.11 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

My pick for the upcoming Stock Picking Contest.
Technicals
Percentage Gainer

Last Price Quote is:
16.10%above 13-day EMA
23.41%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $63.63 
P/E Ratio: 39.06 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

Volume: 2,194,398
Avg Vol (3m): 1,598,700

A close above $6 is a positive sign.
Consolidate here, its cup and handle time !

Volume: 1,508,471
Avg Vol (3m): 1,568,840

Technicals
Last Price Quote is:
25.50%above 13-day EMA
35.96%above 50-day EMA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $63.63 
P/E Ratio: 39.06 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

i think this is getting ready to break out of the cup with handle as I type...current price $6.28

the entire oil sector has taken off in the last 15 minutes or so....

i picked up a small position at $6.20 anticipating the breakout sometime soon. 

here's a 3 month chart and a 5 day 15 min. chart.

Trading up in the Pre-Market.....

BLUE DOLPHIN ENER (NasdaqCM:BDCO) Delayed quote data 

Pre-Market (RT-ECN): 6.19  0.30 (5.09%)

Press Release Source: First Equity Group; Blue Dolphin Energy


StockMarketNewsAlert.com Issues Updated Trade Alert -- Blue Dolphin Energy
Friday July 14, 9:22 am ET


DEERFIELD BEACH, Fla., July 14, 2006 (PRIMEZONE) -- Blue Dolphin Energy (NASDAQ:BDCO - News) is new to StockMarketNewsAlert.com. According to M. D'Alonzo at First Equity Group, Inc., ``Recent news flow from the company has been very positive. The company announced that its wholly-owned subsidiary, Blue Dolphin Pipeline Company, has entered into gas and condensate transportation agreements with a new customer to deliver production into the Blue Dolphin Pipeline system. The production will be delivered into the system in Galveston Block 273.''


The Company expects transportation services for this producer/shipper to commence in the third quarter. Throughput volumes are not yet known. This is the fourth new customer to contract with the Company for the provision of transportation services in the past eleven months.

Company Overview

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.

For a description of future factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section ``Risk Factors'' included in the Company's Form 10KSB and 10-QSB filings with the Securities and Exchange Commission.

This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the safe harbor provisions of the U.S. federal securities laws. These include, among other things, statements about expectations of future revenues, cash flows and capital requirements. Forward-looking statements are subject to risks and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to further develop its business, the company's ability to develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the company's products and services, competitive factors, new products and technological changes, and other such risks as the company may identify and discuss from time to time, including those risks disclosed in the company's amended registration statement on Form SB-2 filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the company's plans will be achieved.

For the full profile, the reader's attention should be drawn to our initiating report, which is available on http://www.stockmarketnewsalert.com. More information is available on http://www.stockmarketnewsalert.com.

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Information contained herein is the opinion of Stockmarketnewsalert.com and is intended to be used strictly for informational purposes. You should be aware that SMNA attempts to assure itself of the accuracy of the information contained in the analyses it publishes. In this regard, SMNA does, at times, rely on the accuracy of information supplied to it by the companies which are the subject of SMNA's analyses and/or parties related to those companies. SMNA also relies on the accuracy and integrity of information that is contained in company press releases and reports filed with the SEC. The companies mentioned in this publication have not approved the content or timing of the information being published unless otherwise noted.

SMNA, because it relies on information supplied by various third parties, disclaims any responsibility for the accuracy of such information. Any investor considering making an investment in any security which has been the subject of a SMNA analysis or opinion should, before making any such investment, consult with his/her market professional and/or do his/her own independent research regarding the company which is the subject of an SMNA opinion, recommendation or analysis.

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Source: First Equity Group; Blue Dolphin Energy

Let's Rock
Nice volume and price action today.
Volume: 1,909,380
Avg Vol (3m): 705,908
Back above the 50-day MA
MACD rising off center

Technicals
Percentage Gainer

Last Price Quote is:
20.20%above 13-day EMA
21.11%above 50-day EMA
RS Rating: 41 

Fundamentals
Earnings Expected on Aug 14

Key Data:
Market Cap (M): $51.39 
P/E Ratio: 31.55 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

BDCO stalled after a little "W" bottom breakout in July, but has been forming a Symmetrical Triangle near its 50DMA since then.  Looks good.  A breakout would put something above $8 IN PLAY. 

Down 10% this week.  Still consolidating the 360% gain from the April upside screamer. 

Breakout/Breakdown data points are on the chart.  I'm watching it for a low risk trade if it gets a bang off/near the lower rail of the Symmetrical Triangle.

Quote from: Melf Elf on September 04, 2006, 05:11:11 PM
Breakout/Breakdown data points are on the chart.  I'm watching it for a low risk trade if it gets a bang off/near the lower rail of the Symmetrical Triangle.

Very respectable showing from BDCO yesterday:

1. The bottom of the Symmetrical Triangle came in at 4.8278; the low was 4.85.

2. It went back to UNCH at 4.98, which was a good sign.

3. It then put in a high of 5.15, and closed at 5.09, a penny above Friday's high of 5.08.

4. Bullish Engulfer on the day.