Ethanol Up in Flames.. Needs a Cool Beverage
May 4th, 2006 by BWV
The ethanol stocks are getting schmeissed today on huge volume. ADM, ANDE, PEIX, etc.. Those have been the monster stocks of the past 2 months.
Speaking of monster, following the huge runup in beverage maker Hansen Natural (HANS) — from $2 to $140 in 3 years — and still going — money managers are searching for the next winner in the energy drink space. Jones Soda (JSDA) and National Beverage (FIZ) are both seeing volume pick up nicely today. I’m planning to add a few shares of each this afternoon.
UPDATE: Leading Brands (LBIX) is another one I’m stalking.. a $3 cheapie with big volume increases recently.
UPDATE 2: JSDA reports earnings this afternoon, so I’m out of that one for now.
Long FIZ
Check out BRVO.OB for aother beverage play. Conference call on May 15th might be a good listen to get a sense for what the company is doing. http://www.bravobrands.com