I did the same thing, gold: opened a small position last week at $1.28 and will add to that this afternoon at around $1.00. Even insiders are buying at these levels.
By the time our plants open (fall, 2008) the demand for ethanol will be much greater than it already is today. Each plant will produce 100 million gallons of ethanol in a year. That means each plant will fill 100 railroad cars per week. This will be a huge operation!