Was going to dismiss the cellulosic argument out of hand, however it does a have two things going for it. First, it is the sort of underlying reason that the EPA would not be able to publicly express as an explanation. Second, the USDA has just added to its weekly Ag Energy Roundup bio mass feed stocks -- cornstalks, straw, grass. So there might be something to it. However, it is not necessarily good for REGI. Setting the RVO in advance provides biodiesel producers leverage with the obigated parties that enables them to increase their profit margins. Coming in after the fact, as they will be doing for 2014 and 2015, is of little help. The less the obligated parties purchase, the lower they will be required to buy. And there goes your leverage. So REGI ends up groveling for 30 cents of the $1.00 tax credit while the obligated parties walk off with a 70 cent freebie.
What is the EPA's reason for delay has never been crystal clear. Always there is the intention to release the requirements at some time in the future, but there is the EPA never provides an explanation of just what is the problem. Why is it that months from now will be an different for now. Hate to sympathize with the AFPM/API, but we all know the frustration, albeit for the other side.
Nothing is beating you down.
You did notice the double top last week.
Well maybe not. Sellc missed it even though it was in his face.
If shorts are manipulating it, then they are doing a horrible job of it.
The flip side of that coin is, if the shorts are not manipulating it, that means the longs must be. No surprise there, after all this is a Yahoo message board where pumpers play.
pkm, what dumb question. Don't you understand the satisfaction one has in taking a position and watching while your prediction proves out? If you did you certainly would not need to ask why I am here.
Wait a minuet.
Surely you know Kevin Quon trusts management. He went on for years making projections based on a claim in the IPO doc's that algal oil could be produced for $1,000 a ton. And all the while claiming the market (not him) did not understand Solazyme.
Back on Sept. 6, 2014 with share price triple today's level I wrote:
"Hmm, sounds about right "People that cant stomach a 50% drop shouldn't buy szym," . . . that's $4 and change, but if the bear market of '15-'16 materializes that will be rich and you would need to cut it in half again.
If you think this is grim nonsense, just remember Solazyme is a 10 year failure in progress and being touted by the same losers today that were here years ago."
It was true back then, and it is true today. Only today the losers, some who are posting on this thread, are much worse off . But they still don't get it.
bon a petit