BMD

[saffeysite1]

WHite candle today. Looks like she wants to move.   Keep a watch.

[YouMakeThePick]

I'm definitely no pro when it comes to stock analysis but this chart is looking pretty good to me.  If it can break through $2.85 which was set back on Feb 22nd, I think it could make a real nice push.  This is another one of those oil industry related companies.  If you are a believer that oil prices will continue to rise, this may be a solid investment.

[Ramsburg]

Thanks for your input YouMakeThePick ! (applaud)

This is definitively a bullish pattern, I'm putting BMD on my watch list !

Welcome to 3SOF !

[YouMakeThePick]

Busted through $2.85  (currently at $2.88)!  Let's see if we can get a close above that point. 

[YouMakeThePick]

BMD closed @ $2.92 on the highest volume it's seen since March.  Will this bullish pattern continue now that it has closed above its previous 52-week high?  It will be interesting to see how it performs over the next few days.     

[saffeysite1]

Birch Mountain Resources, Ltd. engages in the exploration of precious and nonprecious metals, and industrial minerals. The company owns approximately 316,761 hectares mineral exploration rights in Athabasca and Birch Mountains, Alberta.

[YouMakeThePick]

We're looking pretty good here.  I first mentioned BMD at 2.67.  Closed at $3.57 today.  I'm still holding.  From a TA point of view, at what level should I plan to sell?

Here's a chart to help...
 

[422fwhp]

Cash is king.  You are never wrong when you sell for a profit.

Personally, I'm a little market weary right now as it seems to be in a funk/correction.

My take: sell half, move on.

[YouMakeThePick]

Sold at open for a 32% profit!     

[eliteG]

nicely done YouMakeThePick!    I have to applaud this solid trade. 

[YouMakeThePick]

BMD closed above $4 today.  I guess I should have sold a little longer.  I'm wondering how long this uptrend can continue...

[la-onda]

fyi 
profile:
Birch Mountain is developing the industrial mineral potential of our extensive mineral properties in the oil sands region of northeastern Alberta. Limestone from the MVQ and Hammerstone will be marketed as construction aggregates and as rock for making concrete and asphalt. Reagent grade limestone can be used directly or in processed form as quicklime in applications such as flue gas desulphurization, water treatment, pulp and paper manufacturing, and soil and biosolids stabilization. Birch Mountain believes the strong global demand for oil and the heightened profile of Alberta's oil sands will ensure long-term demand for limestone products from the MVQ and Hammerstone Project.

latest news:
Birch Mountain expands size and scope of Hammerstone Project
Monday , February 06, 2006 16:23 ET

CALGARY, Feb 06, 2006 /PRNewswire-FirstCall via COMTEX/ -- Birch Mountain Resources Ltd. ("Birch Mountain" or the "Company") (BMD:TSXV and AMEX) has filed a Project Update - Public Disclosure Document with Alberta Environment confirming for the public and regulatory authorities the Company's intent to file an application for an expanded quarry and the additional facilities comprising the Hammerstone Project.

The size of the Hammerstone Project described in the Project Update is larger than contemplated in the original public disclosure document release one year ago, primarily because oil sands construction is now proceeding at an accelerated pace. The scope of the project has also increased and includes enlarged lime producing facilities with hydrated lime and milk of lime plants, as well as a cement plant and a facility to receive and regenerate spent lime produced in oil sands water treatment. When approved, the Hammerstone Project will be the successor to the recently opened, aggregate-only Muskeg Valley Quarry (MVQ) that will then be incorporated into the Hammerstone Project.

In response to the evolving market in the Fort McMurray region, a number of new products have been added. Asphalt rock will be produced for road surfacing. Both lime and reagent grade limestone products will be key enablers for the shift to alternate fuels. These include bitumen, petroleum coke, asphaltenes and coal, and are seen by the oil sands industry as replacements for natural gas as a source of fuel, power and hydrogen. Both lime and reagent limestone can be used to scrub sulphur from flue gases produced by direct combustion of alternate fuels, producing byproduct gypsum. Reagent limestone and alternate fuels can also be combined in a gasifier to produce synthetic fuel gases and hydrogen, while capturing sulphur as byproduct gypsum prior to combustion. Birch Mountain has also incorporated a portland cement plant into the Hammerstone Project. Cement is expected to continue in high demand for the foreseeable future.

"We've received strong support from industry and government to develop a local supply of cement and reagent limestone products," said Doug Rowe, Birch Mountain's President and CEO. "The environmental impact assessment for the Hammerstone Project is in preparation and although some additional analysis will be required to address the new facilities, this should not delay filing the application in the spring," he continued. Senior Vice President Derrick Kershaw explains, "We are designing an integrated facility to meet the industry's need for construction products and reagents, as well as providing full-cycle environmental solutions for spent lime recycling and gypsum disposal."
The entire Project Update - Public Disclosure Document is available on the Company's website at: www.birchmountain.com.
Birch Mountain is developing the industrial mineral potential of our extensive mineral properties in the oil sands region of northeastern Alberta. Limestone from the MVQ and Hammerstone will be marketed as construction aggregates and as rock for making concrete and asphalt. Reagent grade limestone can be used directly or in processed form as quicklime in applications such as flue gas desulphurization, alternate fuel gasification, water treatment, pulp and paper manufacturing, and soil and biosolids stabilization. A portland cement plant has been added to the planned facilities. Birch Mountain believes the strong global demand for oil and the heightened profile of Alberta's oil sands will ensure long-term demand for limestone products from the Hammerstone Project.

nice TA:

[la-onda]

updated chart:

[Lucas Scott]

hey Oliver - BMD got rejected at that trendline that corresponds with the 50dma on your chart. Sold off on 2x volume. Bearish engulfing candlestick. Time to go short?

[la-onda]

Hi Luke,
well I am not quite sure, let´s check the chart, would this be really a sign for shorting?
Personally I am sure that BMD will be higher in the near term future

cheers
O.