Ethanol: Live Fast, Die Young, Take Profits
Editor's note: This column is an update of a portion of the "Mad Money" episode that aired June 14. Click here to read the full Mad Money Recap for that episode.
It's time to take a bow and clear out of the ethanol stocks -- all of them, and as soon as is reasonable. Use limit orders, sell incrementally -- don't just dump everything at once immediately -- but be aware the ethanol fad is done.
Wednesday VeraSun Energy(VSE Quote) came public. The stock was up huge from where they priced it. You've gotta sell, and then sell it again. Look, they even had corn outside the New York Stock Exchange -- that's no good.
On Mad Money, we want you to raise less corn and more hell, like Mary Lease, or maybe just raise less corn and more money. ...
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