Tuesday, May 6, 2008

BLSH - Cut and Run

Blue Star Health has been dancing on the edge of a 50% loss, the point at which I've learned (the hard way) to cut and run, and so I liquidated my position:


Given the current "crisis" with grain crops, legislators are beginning to question whether it makes sense to subsidize biofuels, and the concept is losing its glamor in the consumer market as well. Since it is estimate that it will take five years to ramp up grain production, it's unlikely this will bounce back in the short run.

I might look into this company again if the situation improves, if it survives - but for now, I see nothing but a downward trend.

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