Basic Materials Funds

  • A Foolish Rally in Ethanol Stocks

    By Natalie Dawahare - September 15, 2012 | Tickers: BIOF, PEIX

    Two weeks ago hedge fund manager David Einhorn upped his stake in BioFuel Energy Corp (NASDAQ: BIOF) and the stock has traded higher ever since. The stock has since posted a 200% gain, and during the last week Pacific Ethanol (NASDAQ: PEIX) followed its lead with a 25% gain of its own. Neither company has announced any other positive developments nor has there been any other catalyst to lead to more »