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Wednesday, February 18, 2009

Frustration in this Bear market

Well its after market close and I am sitting here wondering what the hell is going on with AVR. First the CFO resigns with the reason given as wanting to pursue other opportunities, the same BS excuse as when any CFO resigns. Nobody really knows why he resigned. Message board rumor chatter is saying because the company might go bankrupt or because he made huge mistakes in hedging the companies cost in corn. Meanwhile, the stock drops 25% today to hit a new low closing at .26. I almost sold when it dropped under .30 but decided to ride this one out seeing how this company is the best ethanol producer out of all the majors such as PEIX and BIOF. AVR seems the most promising during this ethanol crunch. I am starting to doubt my reasoning. Its going to be an interesting week watching how this stock continues to perform. Obama is for renewable energy fuels but hasn't mentioned anything about ethanol directly mainly because of this stimulus package and the housing rescue plan. I Just know that Obama will mention something about ethanol and this will bring about a huge ethanol rally in which I will cash in on.
It seems I was right about the stem cell stocks so far like CBAI and for you high rollers, STEM...lol. CBAI is back down to around a penny because the market hype died down. I am sure it will have another rally when the their is another news story about stem cell research. You gotta ride the wave. Its the only way to make money in this bear market.
MYNG is still hanging around .003 as gold continues to make its way toward a thousand an ounce. They need a nice juicy PR to get more attention and which should pick up the trading volume on this one. We shall see...
Keep your eyes on NEOM.....this one rocketed up 365% in one day. I had this one on my watch list for a couple of months now. I would have got in on this one at .0030 but no more buying power....dammit. Lesson learned...always have buying power in case you see buying opportunities like this one.

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