Savvy Trades and Investments

[benlurkn]

PEIX Bought a position Friday. Although ethanol margins are not very good at the moment it seems that PEIX has diverted strongly in the negative direction the last few weeks from other ethanol stocks. I believe it had to do with their being excluded from the Russell 3000 Index and ensuing rebalancing by fund managers and am looking for a 15-20% rebpound in the next couple weeks or so. Might hold a portion longer-term also as it is down at multi-year lows right now due to present low margins and political uncertainty in addition to the shorter-term rebalancing effect.(which ended Friday) IMHO