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Re: value1008 post# 578

Friday, 09/12/2014 11:19:28 AM

Friday, September 12, 2014 11:19:28 AM

Post# of 928
REX drop is not purely technical. Fundamental facts still apply here.

Remember the CEO said on conf call that looking for $1.80/sh profit in current qtr was a safe bet, but many have been projecting up to $3 for current qtr and next qtr. Meanwhile ethanol had dropped about 30cents/gallon. Maybe the CEO's outlook is looking more reasonable now.

IMHO there are many moving parts in the ethanol stocks, so one cannot project the future even if you have crystal balls. Institutional traders know this, and they reduce weighting when uncertainty increases.

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