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Burning man visits ethanol


Ethanol stocks have been getting pounded since their IPOs and the sector has lost its luster. Pacific Ethanol (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: PEIX, Stock Forum) was the exception for a while as it has Bill Gates as an investor ahead of the great ethanol boom. But share prices for Aventine Renewable Energy Holdings (NYSE NYSE

See: New York Stock Exchange
: AVR, Stock Forum) and VeraSun Energy Corp. (NYSE: VSE See DOS/VSE.

VSE - Virtual Storage Extended
, Stock Forum) have fallen so far from their IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard.  prices that if you looked at a chart without a time period attached you might assume you were looking at any dot-com flame-out from 2000 to 2002. The bloom was off the rose from the beginning.

Recent rumors put VeraSun as potentially being toast and yesterday's earnings release from Aventine will do nothing but contribute to that endless slide.

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Author:Paul Ausick, 24/7 Wall Street
Publication:Stockhouse
Date:Oct 31, 2008
Words:136
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