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Reply With QuoteI like the idea, but it seem overbought considering it just came off of $1 per share a month ago.
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Gfet
I'm thinking GFET may become a viable "buy-n-hold" with the new energy bill that recently became law.
http://www.cnn.com/2007/POLITICS/12/...ref=newssearchIn a dramatic shift to spur increased demand for nonfossil fuels, the bill also requires a six-fold increase in ethanol use to 36 billion gallons a year by 2022, a boon to farmers.
http://www.businesswire.com/portal/s...00618&vnsId=33The process, developed by Meridian Biorefining, converts non-food biomass into a very fine powdered cellulose that a university study confirms produces far better results when processed into ethanol. Gulf ethanol owns the exclusive rights to this breakthrough technology for the processing of ethanol feed-stocks and will partner with Meridian Biorefining for engineering, design and implementation of the technology.
GFET share price is currently 1.67
Thoughts?
"You rise. You fall. You're down then you rise again. What don't kill ya make ya more strong."
- Metallica
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Re: Gfet
I like the idea, but it seem overbought considering it just came off of $1 per share a month ago.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson
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