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Top ‘O the
Morning…Members!
Today, I have another EXCITING "GREEN" STOCK IDEA for you!
After all
of our success with alternative energy just last week (60% gains), I know
you’ll be eager to read about this one.
So let’s
get to it. Today you need to focus on:
ORIGINOIL - Trading Symbol: OOIL
Before I
share with you all the reasons why I like OOIL as a company, I first
want you pay close attention to a few of the technicals I see in its chart. I
believe they could be signaling higher prices for OOIL.
1) Having
reached an intermediate-term high of 38 cents in late October ’09, the stock
pulled back and consolidated between 26 and 30 cents, It appears to have found
durable support near 26 cents presently. If it can close above its resistance
level of 30 cents, it is possible we could see 34 cents…or even 38
cents.
2) I also
expect to see upside volume expansion on a possible breakout of the 30
cent level.
3) The
MACD is trending higher with the momentum histogram beginning to show strength.
While, currently in a "Weak" bullish trend, it appears as though the
MACD has made a higher low and could conceivably cross back above the
"0" line in short order.
4) The stochastics are pointing higher, yet is far
from overbought levels. This suggests
additional upside potential is possible.

While all
this is impressive, I think what is really going to push OOIL over the
top is the news they just announced today:
OriginOil Turns Corner to Commercialization, Unveils
In-House Pilot System
This is a MAJOR BREAKTHROUGH for this Company. While
OOIL has been building the technology to derive oil from common algae for quite
some time, they have now turned the corner and have demonstrated a model to the
public that puts all the pieces together.
Riggs Eckelberry, OOIL CEO said, "Until now we have
been in pure research and development. We have now turned the corner to
commercialization of our technologies. It’s a historic milestone for us." …. Historic
indeed, and we’re all here to profit from it, Riggs.
This really is revolutionary technology. You need to
see it for yourself by visiting their site: http://www.originoil.com/
OOIL has been all over the media lately and we think
investors are once again ready to join the party.
So what
does OOIL do… you ask??
ORIGINOIL, INC. (OOIL) – maintains a portfolio of NEW TECHNOLOGIES
for producing oil from algae, a next-generation biofuel feedstock that
may yield 30 TIMES MORE ENERGY per acre than crops such as soybeans
ORIGINOIL, INC. (OOIL) -produces biofuels than
can replace petroleum in various applications such as diesel, gasoline, jet
fuel, plastics and solvents. In addition, by-products of algae oil extraction
can be used for animal feed.
ORIGINOIL,
INC. (OOIL) – not only creates a fuel that replaces fossil
fuel, but it also helps producers garner saleable carbon credits (which
is a multi-billion dollar opportunity for companies worldwide)
ORIGINOIL, INC. (OOIL) – has created a system that can
be operated as a stand-alone production system or connected in a parallel
network. OOIL’s proprietary process is supported by intellectual
property assets that include 10 patent filings.
But what I really like about OOIL is the fact that,
while other bio-fuel feedstock such as corn and sugarcane often destroy vital
farmlands and rainforests disrupt global food supplies and create new
environmental problems…
… OOIL’s unique technology, based on algae, is
targeted at fundamentally changing its source of
oil without disrupting the environment or food supplies.
Instead of drilling for old oil, through its 10 PATENT
APPLICATIONS, OOIL is commercializing its scalable algae-to-oil
technology and allowing the manufacture of clean, new oil, anytime and
anywhere– delivering a REVOLUTIONARY BREAKTHROUGH to the world!
And check this out!
Just last
week the Company announced its partnership with StrategicFit, a London-based
strategy consulting firm.
The
starting point for the project is the lifecycle model that OOIL
presented to the National Algae Association Quarterly Conference last
September, which showed for the first time that a properly-sited
industrial algae production system could be both profitable and beneficial.
StrategicFit’s
people bring a wealth of knowledge to this partnership,
drawing on past work with energy companies such as Royal Dutch Shell, BP,
and Statoil; and technology companies such as Philips Electronics
and Abbott Laboratories. This diverse experience, with a focus on the
energy-sector, will help OOIL identify key opportunities and challenges
involved in commercializing its technology platform. The goal is to simplify
strategic decision making through a rigorous quantitative analysis of the
variables involved in algae production.
OOIL’s CEO Riggs
Eckelberry explained: "We look forward to working with StrategicFit to
further refine the Algae Productivity Model. As we continue to develop our
technology and prepare for commercial transition, it is critical that we
have a viable tool for our partner network to use in strategic decision making.
StrategicFit will help us identify and evaluate options to increase value, and
improve our business case"
StrategicFit
Co-Founder and Partner Duncan John said: "We have carefully explored the
algae space and believe that there is real promise, but there can also be hype.
Fact needs to be separated from fiction in order for the sector to build its
credibility with investors, and we applaud OriginOil for taking the lead in
driving for industry clarity and transparency."
To
read the complete article Click Here
I think
you should take a very close look at OOIL. With President Obama’s
commitment to virtually all types of alternative energy sources, and
this Company’s own great technology, I believe OOIL has the wind at its
back.
If you
need further validation of this technology, consider that EXXON (NYSE:XOM)
recently invested a staggering $600B into developing algae technology (Click Here
to read the article). Maybe next time they will save some
money, and just buy OOIL instead!
OOIL was
also featured on ABC news (Click Here to See It).
Like I said, this Company has been all over the media lately.
The bottom
line is that this sector is in its infancy and we think OOIL is already at the
forefront. While I think this will be a great short-term play I also
believe that the LONG-TERM fundamentals are highly in favor of this
Company and I love knowing about it early!
So, I am
recommending that members do their homework and add OOIL to your radar right
away!
Of course, remember to always use the appropriate stop
losses, trailing stop losses and anything else you can think of in order to
protect your investment should you decide to trade in this stock! Never, ever
invest more than you can comfortably afford to lose in the market.
Remember – "Knowledge is Power"
and as always here at StockPreacher.com, I
strive to give you all the best information available!
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