REX American Resources (REX)

[stock_peeker]

In retrospect, it is obvious that the REX downgrade by Katja Jancic was correct! She is not necessarily the reason for the fall from over $110 to the $91 level here. However, I would not see any reason for her to upgrade REX unless and until ethanol price and REX have based and started to move higher again. Maybe she'll get much closer to the next earnings announcement before commenting or upgrading REX at this point.

It may be that the ethanol stocks are being psychologically grouped into the overall energy sector, which has been down over the last month on the pullback in oil prices.

Did Wadegarret sell his PEIX and REX? I know he had a lot riding on them.

FYI: CL was in GPRE, REX and PIEX, but he said he took profits and holds none now.