InvestorsHub Logo
Followers 13
Posts 538
Boards Moderated 0
Alias Born 09/11/2012

Re: None

Thursday, 09/20/2012 8:42:14 AM

Thursday, September 20, 2012 8:42:14 AM

Post# of 2818
PUMP AND DUMP.GET OUT WHILE U STILL CAN.

PUMP and DUMP. SHORT THIS STOCK.

It's hard to see many people lose money on a stock that was obviously a pump and dump. Lets look at the facts and see why this stock will only continue to go down. But before we start BIOF flagship product is selling ethanol to 3rd party distributors. BIOF long and short term investment hasnt been stable for the last 5years, lower highs and lower lows to phrase it. I'm going to sum up everything this stock has faced in just the past few days before this tank started to tank down hill. On sep 7 2012, Hedge-fund manager David Einhorn disclosed a bigger stake in BioFuel Energy (BIOF) last night. The stock is responding with a 60% leap. From roughly a $2.89 open to a $4.70 Ish close. Not bad for a stock that missed expectations for the last 2 quarters. From 168m to 138m march 2012 then from 138m to 122m June 2012. A 27.45% drop in revenue in expectation of corn to go higher in cost reducing BIOF main product ethanol to be less of profitable. On a side note, David Einhorn reputation isn't really the best... He's been losing more money then gaining it just by looking at his track record. Despite there was a $3 to $10.50 Ish run. The following next day one group sold roughly 650k shares worth 6.45m by market opening bell. Oddly enough an increase if shorts started adding up 45mins before the pervious closing bell. Now BIOF has seen a 2 day drop and last traded at $7.68 with a large sell off before the bell. IMO I see this stock going down all the way to regular levels $5.15 Ish. I hope this gets to people on time before the opening bell. I'll keep this board updated as I can with more details.
Support at $7.52, if it falls below that see a dip to $7.30, if that falls see $6.45, if that falls see $5.92, then last support at $5.15 from there idk.... Btw we are -3.5% Pre market already as of 8:45am

Like always happy trading...
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GRBK News