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If it goes through .40, I think you are correct.
However, if .40 holds, we are good assuming the shareholder letter is out by tomorrow.
I really would have preferred that the MA20 and MA10 had held at .41 - it is showing more weakness than I like, but I still think it moves up into the close.
I bought more at .405 to .41.
read the PR from this morning and you will have your answer:
Further, the company intends to pay any remaining amounts, subject to voluntary conversions by the note holders, in cash. As of November 1, 2011, Pacific Ethanol had approximately 75.6 million common shares outstanding.
I think it gets above $1 within the next month, but the way the MMs hold this back, I would not be surprised to see them play with it a little in the .60s for a few days.
I think we hit .60s today, close in the mid to high .50s.
Then possibly hit the .70s tomorrow?
OK, I'm VERY confident that the CDs are totally converted. YEAH!!! Let's get movin!!!!
OK, 10:30 CST, let me clarify, 8>) JK.
But nice to see it moving now regardless
OK, thanks. I had been wondering if that was what that meant.
Of course, now that PEIX is profitable, the noteholders will want to convert to shares more than they would want to accept good ol boring CASH. Also, they probably have a bunch of shares short that they need those conversions to take care of covering their short positions.
But they said that they were paying the remainder in cash. There should be no more conversions, NO?
the company intends to pay any remaining amounts, subject to voluntary conversions by the note holders, in cash.
Question:
Was the net income last quarter (Q ended Sept 2011) $4.7Million?
I'm thinking that was it but I cannot get the filings to come up to confirm it. Could someone please confirm that for me?
Gap is closed. I suspect they want to make it a bit more obvious though, so likely see some more downward pressure for a little while.
However, after 10:30, WATCH OUT OVERHEAD - UP, UP, UP
I'm wondering how hard the MMs will try to fill any gap at the open. I'm suspecting that this will be a gap that will not get filled, but I'm often wrong on that aspect. Those MMs have an uncanny ability to bring it down to get those gap fills.
High yesterday was .45, I bet we see .44 for a very short stint this morning and then it is off to the races.
Exactly what I was hoping to hear! YEAH!!!!!
The aggregate unpaid principal balance of the notes, originally $35.0 million as of October 6, 2010, has declined to $820,000 as of November 1, 2011.
“We are pleased to report that we have retired nearly all the convertible debt six months ahead of schedule,”
As of November 1, 2011, Pacific Ethanol had approximately 75.6 million common shares outstanding.
Further, the company intends to pay any remaining amounts, subject to voluntary conversions by the note holders, in cash.
The ENTIRE OS count has traded in the last 4 trading days.
It is time to get this puppy chasing the rabbit.
Who is holding it back?
They are not done until a PR says they are done.
It will not trade as if they are done until such a PR confirms that that situation is over.
Yes, they could be done, and not announce, and the stock will trend higher consistently; however we will not get the mega pop until the public gets confirmation that the CD no longer exists.
What I am hoping to see is that they found a way to pay off the entire $6,400,000. Just 600,000 still leaves $5.8 million to be converted to shares. I know the company is not going to pay the entire amount in cash, I'm just hoping there is a way that the debt holders were persuaded to go ahead and get ALL the conversions done and over with so that there is ZERO left on the CD.
How likely do you think that is to happen to be announced in a PR tomorrow.
If so, BLUE SKIES!
I am also comfortable that the DOWN trend is likely over. May still have some down periods, but I think the trend is turning up. Problem is, Those CD's still hold pressure on the rise, until we see that the conversions are done. I'm hoping they are done this month with all this volume, but I will be happy to see a PR stating such.
Well, I do not see selling pressure at the beginnings of the previous months except for in Aug.
First two days of July, it looks pretty stabile and even had some buying pressure on July 5.
First two days of Aug: Yes, relentless selling that went on throughout the month of Aug.
First two days of Sept: Stabile with a hint of upward pressure on day 2
First two days of Oct: Stabile
Thus, I do not see your point.
You gotta raise it a few points if you really want em.
However, you are not getting mine, SRY!
I keep trying to sell my .43s at .47, they just WILL NOT take it, LOL. JK
Picked up the rest of my traders at .43.
Have the boat full now, ready to rumble.
Dr Penny,
Please KEEP posting on the PEIX board. Your charts and comments are extremely helpful. Do not let them run you off.
Do you think it will stay down here now, or do you think it will start a climb back up to start making new HODs over the next few days?
Got half of my trading shares back. Looking good. If goes down more tomorrow, I will fill the rest of my traders at .44 to .46.
RSI(14) on the Daily chart is 73.56
Oh man, they are working her hard. They may actually fill that gap today.
I'll be gettin my trading shares back if they do.
You are correct, Nothing prevents a successful company from having a PPS take off and continue to grow on good news, further profits ...etc?
And stocks do sometimes continue to go up. It's just the odds of a gap getting filled are a whole lot higher than the odds of them not getting filled. So, traders like to play those odds, and that in itself perpetuates the likelyhood that a gap will get filled. It is almost a self fulfilling prophecy, but sometimes the company and its progress trumps all the traders, and they don't get their chance to buy back. Then the traders just move on to something else. That is why good traders have trading shares that they trade around a core position.
EVERYTHING in the markets is ALWAYS a gamble. You just have to stay alert and pay attention to any and all info you can find to even out your odds, if at all possible.
Assuming that the OS count is now around 7million (That is an ASSUMPTION, last count was 6.6 million and I suspect they have gone up quite a bit more than just 400,000 shares, but maybe not)
then those revenues for June would now be .20 per CURRENT share outstanding, At a PE of 5, I see this going to $1 to $1.20 before they pull it back down to fill the gap.
Some disconcerting news would likely come out before that would happen. That news is what I have been skeptical about for all this time.
I believe there is a good chance that the gap will fill when the company finally releases the specifics of the BJM deal or when the most recent OS count is updated.
When either of those will happen, I have NO IDEA.
Never know, maybe that deal will have an opposite impact, and cause the share price to make another nice rise.
Stocks will often, AT SOME POINT IN TIME, fill the gap. However, that may take months or even a year or two before the gap fills, and that will be after the nice run everybody was investing in is already over and everybody who played it has booked their profits. The fundamentals for the stock will have changed a lot, either through deals, financing, loss in revenues, whatever, etc. to cause that share price to go back down to fill the gap.
Gaps often do not get filled IF there is news that trumps the trading that was going on the day before the gap occurred. Basically, it just says; the day before the gap, traders/investors did not quite know what share price to value the stock at, but once the news comes out, everybody is confident that the shares require a higher valuation and those who did not get the lower priced shares are not likely to get them now that the news is out.
Glad it helps
They have issued some shares since June, Not quite sure how many, but last count was at what the sticky above says. That count was a month ot two ago..
Your 1.88 million was for this earnings report, which was the count through June 2011.
Only by dishonesty. And yes, that does run rampant in the markets.
On the contrary, LOVE the game, Hate the players.
Nope. Have them all, just enjoying the ride right now, hoping for more to come.
I just do not like the CEO not coming through with what he tell shareholders he is going to do.
Again, he promised a shareholders' letter two months ago. Still not sure if he is ready to come through with that just yet.
Keep counting those extra fingers and toes.
I think the exaggerations come more from your end.
Nice that we closed above the 50day MA. Looks very promising for that over $1 sometime soon. And I do believe it will make it over .55 within the next month, likely next week. All depends on IF earnings are good or not, and what the specifics of the two most recent deals are in light of the CURRENT share structure update as of the END OF OCTOBER.
Nothing has changed with that regard. Telling shareholders for months that you are going to inform them about dealings and never meeting the timeframes you set up is the practice of a HORRIBLE CEO. Now, does that mean the stock cannot go up - not necessarily, but him follow through has been HORRIBLE.
I absolutely LOVE your cartoon at the top of your Moneymaker board, ROTFLMAO
For sure. Did you get all your fingers and toes counted? Gonna need all those the extras to count the profits should it get over $1.50 again, LOL.