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On October 5th, CNBC Fast Money's Brian Kelly suggested investors to take a long position in Green Plains Renewable Energy Inc.
GPRE. Since then Green Plains Renewable Energy Inc.
GPRE has dropped approximately 10%.
Brian Kelly explained that Green Plains Renewable Energy Inc.
GPRE did a convertible deal, which really hurt this stock. He is still long, because GPRE has ethanol and ethanol margins are much better.
Green Plains Renewable Energy Inc. (
GPRE) gained 0.98%, and closed at $11.33 today. Mr. Kelly wants to buy more at this price.
Check
the video on www.cnbc.com.
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Posted In: CNBCLong IdeasFast MoneyMediaTrading IdeasBrian KellyEnergyOil & Gas Refining & Marketing
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