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Author Topic: PEIX - Pacific Ethanol, Inc. - NASDAQ  (Read 40489 times)
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Stretcher75
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Have an entry / exit strategy and you will be fine


« Reply #285 on: January 22, 2015, 03:55:33 PM »

Nice move up today here.
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« Reply #286 on: January 22, 2015, 05:04:17 PM »

This one is running today...

It will stop at 9.10 - 9.12, more or less.
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« Reply #287 on: January 12, 2016, 02:38:07 PM »

This one makes big runs, it is almost touching a strong support zone at 2.33.
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« Reply #288 on: January 21, 2016, 09:24:27 PM »

More than likely this one will be a penny stock again unless oil takes a turn and starts an uptrend, which they expect another at least 2 years of cheaper oil.

This company makes $$ when oil prices are high enough to be able to charge enough for the ethanol that they make so that they can make a profit. The price of ethanol goes by the current price of gasoline minus around 15% IIRC?

In other words this will probably continue on its downward spiral until oil prices go back up. Any run this will have will be dead cat bounces on its way down. GL
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« Reply #289 on: January 22, 2016, 02:16:42 PM »

More than likely this one will be a penny stock again unless oil takes a turn and starts an uptrend, which they expect another at least 2 years of cheaper oil.

This company makes $$ when oil prices are high enough to be able to charge enough for the ethanol that they make so that they can make a profit. The price of ethanol goes by the current price of gasoline minus around 15% IIRC?

In other words this will probably continue on its downward spiral until oil prices go back up. Any run this will have will be dead cat bounces on its way down. GL

For now it is bouncing exactly where I said, but, yes, on the long term, it can fall further.
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