Morning Preview: David Einhorn Likes BioFuel, And Margin Debt Rises Again

In today’s morning preview we’re looking at the 3 trending stories and stocks. We watch for unique increases in message volume and sentiment, which you can find on StockTwits at any time. Here they are:

1.) A stock named BioFuel ($BIOF) was up more than 130% yesterday. It spiked for a number of reasons but mostly because Greenlight Capital, which is headed by David Einhorn, disclosed that they had increased their stake from 26.2% to 35.5%. On StockTwits, message volume jumped over 1600%! Sentiment currently stands at 89% bullish and 11% bearish, but that’s dropping fast as skepticism emerges:

$BIOF Two things going on. 1) Einhorn raised stake to 35%. That's enough to cause a big bump bc when he takes an active roll anywhere…

— Coco (@Poweruhvone) Mar. 31 at 04:57 PM

$BIOF This seems like a great way for Einhorn to divest his land-holdings at the expense of retail investors…

— Regulus de Leo (@RegulusDeLeo) Mar. 31 at 04:40 PM

$BIOF = $PLUG the Sequel

— Jay Burd (@JayBurd) Mar. 31 at 02:18 PM


2.) ($COUP) is down nearly 20% since its early March IPO. This morning, several big banks initiated research on including Goldman Sachs, Bank of America, and RBC Capital. Now several traders and investors are watching to see how it will trade:

RBC Capital Starts ($COUP) at Sector Perform

— SIAnalystWire (@AnalystWire) Apr. 1 at 06:23 AM

$COUP Goldman out with a neutral and a $21 PT.

— Kris Tuttle (@heuristocrat) Apr. 1 at 06:51 AM

$COUP BofA Merrill Lynch Initiates Coverage on Coupons. com at Buy

— The Economic Daily (@Econdaily) Apr. 1 at 07:52 AM


3.) One of the most liked and most viewed charts of the week is this one from Chris Kimble. It shows that, once again, total NYSE margin debt hit a new all-time high. Take a look:

Margin Debt skyrockets to new all time levels….It matters when this happens…$SPY $STUDY $MACRO

— Chris Kimble (@KimbleCharting) Mar. 31 at 07:17 PM

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