Ethanol stocks were big movers | stockbee

5/20/2008

Ethanol stocks were big movers

* After 7 days of green action, early morning action yesterday looked muted. But then a mini buying frenzy kicked in with broad based buy interest. The problem was most things which were running up were overextended and come a long way from their bases.
* Such panic buy after several days of green action looked suspicious, because the normal course of action at such stage is a pullback.
* The sell program kicked in in afternoon and deflated the euphoria. However volume was weak.
* When several high flier started reversing intraday , profit taking in stocks and sectors which had run up a lot kicked in. The market has been acting quite well for the past several weeks, however the leadership has been narrowly focused in energy sector. As a result, many of stocks that investors have been chasing higher and higher have became extremely extended. As a result once some selling kicked in midday holders of those recent high-flying names moved quickly to the exits to protect their gains.
* Further weakness at this stage would be good for the longevity of the rally, however deep buyers might make more attempts to run the market up.

The big movers were beaten down ethanol stocks.

Stocks up 8% plus on high volume
ABH,AbitibiBowater Inc. (Google  Yahoo  Earnings  Chart
AEZ,American Oil & Gas Inc (Google  Yahoo  Earnings  Chart
APAC,Apac Customer Services (Google  Yahoo  Earnings  Chart
AVR,Aventine Renewable Energy Holdings Inc (Google  Yahoo  Earnings  Chart
BCON,Beacon Power Corp (Google  Yahoo  Earnings  Chart
BIDZ,Bidz.com Inc (Google  Yahoo  Earnings  Chart
BMA,Banco Macro S A (Google  Yahoo  Earnings  Chart
CLMT,Calumet Specialty Products Partners (Google  Yahoo  Earnings  Chart
CPSL,China Precision Steel Inc (Google  Yahoo  Earnings  Chart
CQP,Cheniere Energy Partners Lp (Google  Yahoo  Earnings  Chart
CTDC,China Technology Development Group Corp (Google  Yahoo  Earnings  Chart
DESC,Distributed Energy Systems (Google  Yahoo  Earnings  Chart
DIGA,Applied Digital Solution (Google  Yahoo  Earnings  Chart
ENOC,Enernoc Inc (Google  Yahoo  Earnings  Chart
ENS,Enersys Inc (Google  Yahoo  Earnings  Chart
EPEX,Edge Petroleum Corp (Google  Yahoo  Earnings  Chart
FED,Firstfed Financial Corp (Google  Yahoo  Earnings  Chart
FNSR,Finisar Corporation (Google  Yahoo  Earnings  Chart
FPP,Fieldpoint Petroleum Corp (Google  Yahoo  Earnings  Chart
FTK,Flotek Industries Inc (Google  Yahoo  Earnings  Chart
GEOI,Georesources Inc (Google  Yahoo  Earnings  Chart
GSX,Gasco Energy (Google  Yahoo  Earnings  Chart
HDSN,Hudson Technologies Inc (Google  Yahoo  Earnings  Chart
HOGS,Zhongpin Inc (Google  Yahoo  Earnings  Chart
HTM,US Geothermal Inc (Google  Yahoo  Earnings  Chart
IMGN,Immunogen Inc (Google  Yahoo  Earnings  Chart
IRSN,Irvine Sensors Corp New (Google  Yahoo  Earnings  Chart
JADE,Lj Internat Inc (Google  Yahoo  Earnings  Chart
KUN,China Chenghuo Pharmaceuticals (Google  Yahoo  Earnings  Chart
LNG,Cheniere Energy Inc (Google  Yahoo  Earnings  Chart
MEMY,Memory Pharmaceuticals (Google  Yahoo  Earnings  Chart
MPET,Magellan Petroleum Corp (Google  Yahoo  Earnings  Chart
MTZ,Mastec Inc (Google  Yahoo  Earnings  Chart
NBF,Nova Biosource Fuels` Inc (Google  Yahoo  Earnings  Chart
NOVN,Noven Pharmaceuticals (Google  Yahoo  Earnings  Chart
OPTM,Optium Corp (Google  Yahoo  Earnings  Chart
OPTT,Ocean Power Tech Inc (Google  Yahoo  Earnings  Chart
OSTK,Overstock.com Inc (Google  Yahoo  Earnings  Chart
PDO,Pyramid Oil (Google  Yahoo  Earnings  Chart
PEIX,Pacific Ethanol Inc (Google  Yahoo  Earnings  Chart
PGNX,Progenics Pharm Inc (Google  Yahoo  Earnings  Chart
PRVT,Private Media Group Inc (Google  Yahoo  Earnings  Chart
PSEM,Pericom Semiconductor Cp (Google  Yahoo  Earnings  Chart
QRCP,Quest Resource Corp (Google  Yahoo  Earnings  Chart
QTWW,Quantum Fuel Sys Techworldwide (Google  Yahoo  Earnings  Chart
ROYL,Royale Energy Inc (Google  Yahoo  Earnings  Chart
RTK,Rentech Inc (Google  Yahoo  Earnings  Chart
SATC,Satcon Technology Corp (Google  Yahoo  Earnings  Chart
SCSC,Scansource Inc (Google  Yahoo  Earnings  Chart
SOLF,Solarfun Power Holdings Co Ltd (Google  Yahoo  Earnings  Chart
SUTR,Sutor Technology Group (Google  Yahoo  Earnings  Chart
SYNM,Syntroleum Corporation (Google  Yahoo  Earnings  Chart
TEO,Telecom Argentina Sa (Google  Yahoo  Earnings  Chart
TKO,Telkonet Inc (Google  Yahoo  Earnings  Chart
TRMA,Trico Marine Services Inc (Google  Yahoo  Earnings  Chart
USS,Us Shipping Partners (Google  Yahoo  Earnings  Chart
VSE,VeraSun Energy Corp (Google  Yahoo  Earnings  Chart
WNR,Western Refining Inc (Google  Yahoo  Earnings  Chart
WSCI,Wsi Industries Inc (Google  Yahoo  Earnings  Chart
XNL,Xethanol Corp (Google  Yahoo  Earnings  Chart

2 comments:

Paddy the Writer said...

Pradeep!
How do you now when a sell/buy program has kicked in?

Pradeep Bonde said...

By looking at which stocks in Index are going up or down.