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Renewable Energy Group, Inc. (REGI) Message Board

  • investandgetrich investandgetrich Jul 1, 2013 10:38 AM Flag

    Why is it dropping?

    There are no other reasonable players in the market that produces decent quantities of Biodiesel than REG, so why then is the stock dropping the way it's dropping for the last two days? Any ideas?

    Sentiment: Hold

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    • easy answer is profit taking by those aware that the chart is extended therefore risk of loss is greater than reward given the unstable down trend of the market from 5/22. just look at the spx chart or spy compared to regi intra day today, when spy (S&P) coughed & sputtered down REGI followed as it has no relative strength unless buyers are high on news.

      i like the company but not going to add or buy at these prices. however 12.25 - 12.75 would be a great area to add or scale in and yes, one day it will hold 15 and see 17 but not any time soon imo.

8.70-0.02(-0.23%)Aug 26 4:00 PMEDT