10:31 PEIX
Ethanol Stocks -- Color on move lower today
As a follow-up to our 10:15 comment, ethanol/biofuel stocks are under pressure today: PEIX -10%, GPRE -6%, REX -5%, BIOF -2.4%, ANDE -2%. We are not seeing a direct catalyst. It may be on a Bloomberg.com report discussing how Brazil is taking action to stimulate its ethanol industry after falling demand. Perhaps the potential of more supply on the market is spooking investors.
Focus Focus Focus Focus !!!!
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