Bluefire Renewables, Inc. (fka BFRE)

[Zer0Veritas]

My analysis and pps projections for BFRE after fridays trading and close:
After the huge gains over the last few weeks .002 - .099 BFRE consolidated as most expected down to the trading range of .025-.035. This is healthy consolidation as we all know, no stock goes straight up. What this does do however is gives us a new higher floor then the previous which in turn sets BFRE up for a higher ceiling then the previous high of .099. After two days of approx -40% drops per day, This not only cools off the RSI but we finally started trading sideways indicating a trend reversal as there was indecision between bearish and bullish sentiment on the pps.

As the PPS was approx .02 per share before the big $270 mil financing news. Monday we should either see another big bounce immediately or another sideways candle. Either of the two is bullish but the fundamentals for BFRE considering the latest news should bring a nice pop and strong move upwards. The speculation on the new financing agreement (LOI) between China and Bluefire of 270 mil is a pretty sure bet considering they have been in talks since 2010 approx 5 years. This financing agreement will lead to new plants and production as well as possible licensing agreements of Bluefires technology. PEIX another ethanol company is trading @ approx $12 per share. As you all know I am very bullish on BFRE as no other penny stock has had as much independent coverage in large media circles as BFRE with the likes of CNN and Bloomberg covering their stories independently. I have been loading the dips as I hope everyone here on this board has as well.

Short term targets .25-.50
Long Term Targets $5 - $10

Good luck everyone and have a fun and safe weekend! I hope the volatile trading didn't spook everyone too much! muhahaha.