Chen was just plain lucky on this. No one expected the bear raid on ethanol sector with those ridiculous headlines about Brazil.
The Neeley Biofuels model ethanol plant still shows a profitability of 63 cents per gallon of ethanol.
Katja Jancic's downgrade to Hold because REX might have looked "overbought" to her (it was still well under where GPRE's P/E was) simply became a self-fulfilling prophecy.
If I think a movie theater is too crowded and I yell "Fire" and everyone clears out, have I made a "correct" assessment?
In her case, making the downgrade triggered an irrational "sell, sell, sell" (not "Hold") reaction by the autobots.
Without her downgrade, REX would likely have been at $105 going into earnings and $120 within days afterward. Yes, a correction should have and would have happened after that, but not all the way down to $91 to test the 50dma.
There's simply no good reason for that.