3SOF

This is shaping up nicely, I'm still in............Looking for a breakout.

Understood G. Managing public portfolio is a big O responsibility. You guys are doing great job already.

EliteG,

What do you say about today's action? It went everywhere ( started down then went touched the highest and later struggled to close green just above yesterday's close).

I was looking at 5 min chart and the closing of day showed lot of activity and price dropping. Does it mean profit taking was high? Also same happened with VRDM. Thoughts, comments from your experience and analysis.

- Dhiraj

Quote from: dhiraj19 on April 25, 2006, 04:12:39 PM
EliteG,

What do you say about today's action? It went everywhere ( started down then went touched the highest and later struggled to close green just above yesterday's close).

I was looking at 5 min chart and the closing of day showed lot of activity and price dropping. Does it mean profit taking was high? Also same happened with VRDM. Thoughts, comments from your experience and analysis.

- Dhiraj

I think the market is trying to weigh the impact of the speech by President Bush today and his 4 point plan to reduce our dependence on oil.  I listened to and watched the price action of PEIX and GSHF during the speech.  PEIX was ramping, but GSHF was not moving almost at all.  Then after the speech it was off to the races for GSHF and PEIX fell. 

The confict is that on the one hand Bush encourages ethanol use, but today he announced waivers for the the mandatory additions that have been causing shortages.  Just my opinion here, but I think that together with normal profit taking is what caused the price action today.

This is related to the Ethanol theme:

"Pacific Ethanol Shares Up on Gates Stake
Tuesday April 25, 4:14 pm ET 
Pacific Ethanol Shares Rise After Microsoft Chairman Buys In; Other Ethanol Stocks Follow


NEW YORK (AP) -- Shares of Pacific Ethanol Inc. jumped to a new high Tuesday after word broke that Bill Gates bought a large stake in the Fresno, Calif. alternative fuel company.
Shares of the company have nearly tripled in the past three months, as the rising price of oil and other factors have turned the nation's attention to alternative fuels. Pacific Ethanol shares closed Tuesday, up 90 cents, to $33.30, after earlier hitting a new 52-week high of $35.48. Trading volume of 10 million shares was more than five times average daily volume.

According to a filing with the Securities and Exchange Commission, Cascade Investment LLC, the Microsoft Corp. chairman and chief executive's private investment vehicle, purchased 5.3 million preferred shares of the company on April 13 for $16 per share. The holdings are convertible to 10.5 million common shares at any time, the filing said.

Pacific Ethanol said Monday Robert P. Thomas, portfolio manager of Cascade, was named to its board of directors.

Ethanol has come under increased focus in recent months as President Bush has led a campaign for alternative fuels, and the refining industry has moved to use it as substitute for methyl tertiary butyl ether, or MTBE, a gasoline additive that is considered toxic and faces bans in several states. The federal Energy Information Administration says most refiners are trying to cut out MTBE before the summer driving season.

The latest upsurge for Pacific Ethanol shares was accompanied by a spike in stock of Andersons Inc., an agribusiness that produces ethanol and is working on clean coal technology.

Nasdaq-listed shares of Andersons also hit a new high Tuesday, spiking at $113.25 during the regular session before settling back down. Shares closed up $4.17, or 4 percent, at $107.27. Volume was nearly 8 times normal daily volume.

Also up were shares of Electro-Sensors Inc., a Minnetonka, Minn. company that makes electronic controls, and targets ethanol and biofuel producers as customers, according to its Web site. Shares added $1.29, or 25 percent, to close at $6.50 on the Nasdaq, after earlier trading at a new 52-week high of $7.45. Volume, normally just 6,000 shares, was up over 800,000 shares for the session."

For anyone interested you can find the text from Bush's speech today at the address below.

http://news.yahoo.com/s/ap/bush_text

He is definitely pumping Ethanol in the long term.

GLTA....Alien

update GSHF:

GSHF closed at the highest close of this run!  Yes we saw some rejection again higher up at the resistance zone.  That is not alarming but healthy.  Lets get all those weak hands out of the stock..so they can buy back in when GSHF really starts to move. 

If you look at the longer-term chart(weekly) you can see the powerful rise of GSHF.  Ethanol has just come into market vocabulary.. this run may have just begun.

Support around .33, .32, .30.. so time to move that stop up.  Never fall in love with these pennies! 

------
Position: bought GSHF @ 0.233 on 4/11/2006
Order: Hold
Exit: stop @ 0.289
Target: n/a
------

Well everyone is pumping ethanol stocks now.  I just got a teaser e-mail from Navellier.  I don't subscribe to him so I don't know which he is talking about:

"Our top company in this sector is the world's largest supplier of corn seeds.  The company is like the Saudi Arabia of the ethanol industry. In fact, the company's stock price is currently at a terrific buy price. But it won't last long; the stock is up 131% over the past two years.  And hold on to your hat--this growth stock is set to double those numbers."

No link since it was in my e-mail.  Seems like GSHF or stocks involved in the infrastructure of ethanol would be a solid place to be.  I know some people are now saying that the cost of transition, production and switching to ethanol will make it less viable.

Ugh, the stop got hit.  It looks so manipulated though... no news, etc....

Now at 0.27.  My average is 0.29.  I guess the nature of the market is most lose money--that's why market exists.

G--Where's the next support before you leave this one?  I may remain a bagholder and cross my fingers for next week.

I think the stop @ .289 means they already left this one.

Our stop got hit.. so we no longer have a position in GSHF.  The team will try to keep a watchful eye for re-entry.  Next possible supports are 20ema and the g-pattern breakout.

A stop is for protection.. to take some emotion out of the game.  We took home over 20% profit and thats great.    We could have taken home more but we were willing to try and swing with GSHF.  Market decides what is wrong and right.

Yea, I am not going to sell this one at this price.  It might go lower, so I am not going to add here, but I am going to hold for a bit.

For those still holding, I think it may recover if it can close above $0.28

I actually bought a small amount 30000 shares at $0.27 earlier.

I'm still in, todays action sucked. I think all my objectivity was destroyed with PTSC. I've had 4 stocks now since that that have hit over 30% but i didnt pull the trigger waiting for the HUGE blastoff that never comes, then they all fall into the red. I need to hire an intern that hits the sell button anytime i have big profits in a short time. If anyones interested in the position its worth 3 credits at any unaccredited online or imaginary university.