Alto Ingredients Inc (ALTO)

[Dutch1]

I's quite normal I think that after a earnings release that is seen a bit as a disappointment, shorts jump in and scary (or smart) people jump out making the stock drop more then reasonable.
Especially with PEIX this is seen before.
Also, you can almost set your clock to it, that after the initial drop you can see a view bounces, and once everyone has done their things, realistic less risk taking people with more money start jumping in. If the result was really bad, they bring it further down. If it wasn't that bad at all, they see it as a great buying opportunity. Then the run starts for the shorts. The smart ones who sold the first also get in the first. The others often hope it goes down further. Those are the ones who bought back with a large loss today, bringing PEIX back to a reasonable level. I think we will see a view bumps ahead but PEIX will move up further toward the $16-18 level. All the rest might depend on the EPA and if the rise of ethanol (and oil) prices continuous.