Monday, February 24, 2014 2:29:11 PM
GEVO - $1.30 (+7%) UP - BUT LOW Volume (450k)
GEVO at 50DMA - $1.30 - Prolly need better volume to push past it, but one never knows.
IMO - GEVO has plenty of room to move on the Daily chart (resistance at $1.35/1.45/1.65 (gap)) and looked to be bouncing off support around $1.20 last few days. The 15 MIN chart looked good to me for entering this AM for quick play. Sentiment on twitter seemed to be down on it too, so I liked that :)
GEVO earnings early March (3rd or 4th). It's a fascinating company that makes BIO fuel and has Richard Branson as a partial investor, but that just sounds nice. The stock was $2.70 a year ago when Branson was an owner too.
GEVO investors are waiting on news about their facilities (specifically the Minnesota one) coming online and being productive. This is supposed to be soon (or has been already - not positive) from what I've read after being delayed for months and costing more $$$.
They also have a deal with coke to make plastic bottles out of bio-ingredients. They are 1 of 3 companies doing this for Coke. Coke has an initiative to make all bottle bio-based by 2020 I think it was, but don't quote me on that.
I'm looking to get $.10 - $.15 out of it and then be on my way. Not great volume today, so hard to tell if she continues this move today or not. For that reason, I may exit earlier then my goal.
If you're willing to wait, she may come back down to $1.24ish soon. Is some resistance at $1.35, hence with low volume I'll exit around there or earlier, unless things look differently.
GEVO at 50DMA - $1.30 - Prolly need better volume to push past it, but one never knows.
IMO - GEVO has plenty of room to move on the Daily chart (resistance at $1.35/1.45/1.65 (gap)) and looked to be bouncing off support around $1.20 last few days. The 15 MIN chart looked good to me for entering this AM for quick play. Sentiment on twitter seemed to be down on it too, so I liked that :)
GEVO earnings early March (3rd or 4th). It's a fascinating company that makes BIO fuel and has Richard Branson as a partial investor, but that just sounds nice. The stock was $2.70 a year ago when Branson was an owner too.
GEVO investors are waiting on news about their facilities (specifically the Minnesota one) coming online and being productive. This is supposed to be soon (or has been already - not positive) from what I've read after being delayed for months and costing more $$$.
They also have a deal with coke to make plastic bottles out of bio-ingredients. They are 1 of 3 companies doing this for Coke. Coke has an initiative to make all bottle bio-based by 2020 I think it was, but don't quote me on that.
I'm looking to get $.10 - $.15 out of it and then be on my way. Not great volume today, so hard to tell if she continues this move today or not. For that reason, I may exit earlier then my goal.
If you're willing to wait, she may come back down to $1.24ish soon. Is some resistance at $1.35, hence with low volume I'll exit around there or earlier, unless things look differently.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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