BIOF 6.29% UP Pre-market. Wisdom Inside...
Good morning to all and happy Saturday to most. Just want to share my thoughts on BIOF before the bell opens. As of 8:05am EST. BIOF is 3.29% pre market up with 14.35/16.5k shares brought. Showing that we will have a interesting day of trading. IMO expect BIOF to slowly creep back up with less shares on the ask but more shares wanted on the bid. Suggesting more people are holding while the rest are wanting. Despite all the bashing in this stock; I want to bring this board to realistic terms. The demand for "Ethanol" BIOF main product is now in demand and now in play that winter has officially started. However, BIOF is not a perfect stock and needs more focus long term goals. In addition I want to address the bashing because with most message board I read are either people shorting or people that lost money chasing a over brought stock without thinking about the fundamentals but, like I said on my last post with the change of heart, regardless of our large dip for the past 3 days I want to express BIOF is a good buy at these low prices.
Keep in mind that BIOF is still trading below its 52 week high but has a medium high room for a run. A few key fact about the hedge fund manager "David Einhorn". He finished in 3rd place in the 2012 World Poker winning $4.35 million USD. Adding on to that he donated $1 million to charity finishing at such a high place with well over 25,428 people register isn't just a draw of a hat. Taking into consideration that a small amount of this number of professional players its hard to even place in the top 100 yet alone top 3. I know that poker has nothing to do with this stock but I want to share that the process of critical thinking does. Increasing his current stake of BIOF was a good move. B/c over time ethanol will increase over time and will be in more demand as more cities are built. In poker terms the river card is an "ACE" and he already has 3 of them... Enjoy the day!
Btw by the time I finished this post BIOF is up 6.29% and interesting enough Cruel oil is up 2.15%
Like always happy trading.
