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No day trader here, my shares were originally bought in Nov and averaged down, after holding for 8 months I sold for my profits.
And not trying to bask in any glory, just pointing out a contrarian point of view.
Finally, 2,500% profits are certainly a pipe dream, no matter what company you are talking about. This doesn't mean "impossible" just "improbable."
GLTA!
Absolutely! I don't recommend selling down here, not now.. and it is an awesome buying opportunity for a number of different types of traders..
I'm just disappointed with the maturity levels on this board at times
LOL and I got bashed for selling 90% of my shares in the low .08's about a month ago..
People said "why on earth would you sell for a 250% gain when you could hold and see 2,500%?!?!"
Well, my gain was realized, the other "gain" was a pipe dream.
This stock is OTC, fundamentals make no difference here. How many times have people complained that fake gold miners run from this level to $1 and then die? Fundamentals mean next to nothing on the OTC!
OTC is only a game, learn to play and you can profit, but keep holding and holding and holding and holding and then where are you?
GLTA!
First post or not, it's one of the few reasonable comments I've read on this board in days.
LOL!!!!
That is freaking great! Nice work P1.
Boardmarked here, like your rules and scans, found you throw lowtrade's board.
GLTA!
I have a little extra gambling cash that I will be looking to buy any dips under .07 tomorrow for a quick flip early next week.
Thanks again for sharing your knowledge, especially this stuff about the OTC. All of the ranting people make on ihub about MM manipulation never really made 100% sense to me. Your theories of the darkside are much more logical.
I had my shares at an average price in the low .02's and sold most of them in the low .08's
I locked down 250% profits on PCFG and still have about 10% of my shares left for the next run. That is massive profits in my book, and the only reason they are profits is because they are realized!
And the PCFG board should only be read for entertainment purposes IMO.
Exactly!
The biggest losses I've ever had on the OTC are when I was holding for higher profits.. guess what, I still am holding most of those stocks, except they are down 70+%!
I, for one, appreciate your insight, and it has helped me to profit massively on a few OTC plays thus far
TBB just noticed that TSLA is #4 on this list:
www.highshortinterest.com
TSLA Tesla Motors Inc Nasdaq 52.73%
I couldn't agree more! 3x ETFs are strictly for intraday trades IMO.
Yeah man vacations are awesome. It really sucks to go back to work when you get home though!
Doing well thanks! Took a relaxing trip up to Vermont this past weekend and got back in last night, so I haven't been posting.
Good stuff lt!
I'm looking to play BGU for a short term rally in the oversold markets, and when the real selling begins I will take positions in FAZ and SDS to ride the wave down.
GLTA!
Edit: I also have a small position in PCFG still and a line in the water for SLLN.
Doing as well as I can. Always profits in today's market; BGU when it goes up, FAZ and SDS when it goes down.
And, of course, it's great to have some killer picks to profit from too!
This sector is red hot, and combined with it being one of your picks, this is a very strong watch IMO!
Was on a mini vacation to Stowe, VT and just got back to the office today.. Hope folks made some green while I was gone!!
I'm playing SDS
Like I said, that chart is strictly technical. I agree that when you add fundamental data such as you suggest the story is different. I was looking at the chart alone, however.
SIRI annotated daily candlesticks 8/8/11
Slashed through our short term support lines, now looking at some longer term, and hopefully stronger supports. First at about $1.64, then $1.50 and last around $1.37 (also the 200 week SMA, should be a very strong support). If these lines don't hold, we could very well be looking at $1 and lower.
All my opinion and from a strictly technical point of view. GLTA!
I see, hammer has close higher than open, hence an open body, and hanging man has the close lower than the open, giving the solid body.
I thought the difference was where it was positioned on the chart in reference to being at the end of a downtrend or uptrend. Thank you for correcting me.
I still believe SIRI will have an opportunity to see short and long term gains.
I picked up a few shares at 2.04 late in the day. Should really have waited for green candle confirmation tomorrow but I like the way this trades. Lots of volume intraday during the dip, lots of buying pressure in the low 2's. Confident I can flip my position short term for a profit.
GLTA!
SDS $22.37
Hanging man candle, red day tomorrow should signal short term reversal trend.
I agree with your sentiment and am currently bearish on markets overall, however I believe that the bulls are a solid majority and incredibly stubborn. They will not go down without a fight. Inevitably though, major corrections underway as more people lose faith in the government and the dollar.
Strong close, hammer candlestick. Green day tomorrow could signal a short term reversal.
Thank you for those tickers! SDS and QID are only 2x but should also be on the table for ETF players.
GLTA
The major issue that I see barring the Indian/Chinese markets is satellite access. Brazil seems at least doable with the Sirius satellites passing overhead and the XM satellites in near proximity.
Check out this link to see what I am talking about.
http://www.tiger-usa.com/satellite_animation.htm
Def hitting the phones hard this morning.. I crushed my dept in production for July.. need a real solid start to August to keep up the momo!
PEIX hit 1.19 AH and is now red AH..
Pacific Ethanol, Inc. Reports Second Quarter 2011 Financial Results
4:05 PM ET 7/28/11 | GlobeNewswire
-- Record net sales and total gallons sold
-- Net sales for the second quarter of 2011 grew 180% over the same period in 2010
-- Total gallons sold for the second quarter of 2011 increased 54% over the same period in 2010
-- Adjusted EBITDA for the second quarter of 2011 improved to $1.2 million from a loss of $6.7 million in the same period of 2010
SACRAMENTO, Calif., July 28, 2011 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (Nasdaq:PEIX), the leading marketer and producer of low-carbon renewable fuels in the Western United States, reported its financial results for the three- and six-month periods ended June 30, 2011.
Neil Koehler, the company's president and CEO, stated: "In the second quarter of 2011, Pacific Ethanol achieved the highest revenues and gallons sold in our company's history. We have recorded our eighth consecutive quarter of growth in gallons sold, delivering a compound annual growth rate of 70 percent. These results reflect the strength of our diversified business strategy with strong performance in our marketing business, margin improvements at the Pacific Ethanol plants, and solid recurring revenues from our asset management business. Overall ethanol market conditions continue to improve, as demonstrated by stronger producer margins in July and we are well-positioned to generate positive operating income."
Financial Results for the Three Months Ended June 30, 2011
Net sales were at an all-time high of $214.6 million for the second quarter of 2011, compared to $76.8 million for the second quarter of 2010. Total gallons sold were 100.6 million for the second quarter of 2011, an increase of 54% over the 65.4 million gallons sold in the second quarter of 2010. The increase in net sales was primarily driven by the continued strength in Kinergy's marketing business with a 49% increase in third party gallons sold and a 67% increase in average sales price per gallon. In addition, the second quarter 2011 results include the impact of the Stockton plant being in operation whereas it was idled during the second quarter of 2010.
Gross profit was $1.3 million for the second quarter of 2011, compared to a gross loss of $2.7 million in the second quarter of 2010. The increase in gross profit was attributable to an improving commodity margin environment and the contribution from the three Pacific Ethanol plants that were operational during the period. SG&A expenses, including professional fees, were $4.1 million in the second quarter of 2011, compared to $3.2 million for the second quarter of 2010 when $2.7 million of the professional fees were recorded as reorganization costs. Operating loss for the second quarter of 2011 improved to $2.8 million from $5.9 million for the same period in 2010.
During the second quarter of 2011, the company recorded a non-cash gain of $1.9 million for fair value adjustments on convertible notes and warrants, representing the company's quarterly fair value adjustments. The company anticipates that it will continue to revalue the convertible notes and warrants on a quarterly basis.
Net income available to common stockholders for the second quarter of 2011 was $435,000, compared to net income of $107.8 million for the second quarter of 2010, which included a gain from bankruptcy exit of $119.4 million. Adjusted EBITDA, which excludes the fair value adjustments and gain from bankruptcy exit, improved to $1.2 million for the second quarter of 2011 from a loss of $6.7 million in the second quarter of 2010.
Financial Results for the Six Months Ended June 30, 2011
For the six months ended June 30, 2011, net sales were $387.7 million, compared to $148.0 million in the same period in 2010. For the first six months of 2011, net income available to common stockholders was $141,000, compared to $96.1 million in the same period in 2010, which included the non-cash gain from bankruptcy exit of $119.4 million. Adjusted EBITDA for the first six months of 2011 was a positive $2.7 million, an improvement from a loss of $13.2 million for the first six months of 2010.
Earnings Call
Management will host a conference call at 2:00 p.m. PT/5:00 p.m. ET today, Thursday, July 28, 2011. Neil Koehler, Chief Executive Officer, and Bryon McGregor, Chief Financial Officer will deliver prepared remarks and conduct a slide presentation via webcast followed by a question and answer session. To listen to the conference call, United States callers may dial (877) 847-6066 up to ten minutes prior to the scheduled call time. International callers should dial 00-1-(970) 315-0267. The access code will be 85112183#.
The webcast for the call can be accessed from Pacific Ethanol's website at www.pacificethanol.net. If you are unable to participate, the webcast will be archived for replay on Pacific Ethanol's website for one year. In addition, a telephonic replay will be available beginning at 8:00 p.m. ET on Thursday, July 28, 2011 through 11:59 p.m. ET on Wednesday, August 3, 2011. To access the replay, please dial (855) 859-2056. International callers should dial 00-1-(404) 537-3406. The pass code will be 85112183#.
Reconciliation of Adjusted EBITDA to Net Income (Loss)
Management believes that certain financial measures not in accordance with generally accepted accounting principles ("GAAP") are useful measures of operations. The company defines Adjusted EBITDA as unaudited earnings before interest, taxes, depreciation and amortization, fair value adjustments and gain from bankruptcy exit. The table at the end of this release provides a reconciliation of Adjusted EBITDA to net income (loss) attributed to Pacific Ethanol, Inc. Management provides an Adjusted EBITDA measure so that investors will have the same financial information that management uses, which may assist investors in properly assessing the company's performance on a period-over-period basis. Adjusted EBITDA is not a measure of financial performance under GAAP, and should not be considered an alternative to net income (loss) or any other measure of performance under GAAP, or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA has limitations as an analytical tool and you should not consider it in isolation or as a substitute for analysis of the company's results as reported under GAAP.
PEIX - I like the action towards EOD here.. Got myself a small position to swing into tomorrow.. GLTA!
That makes so much sense it is uncanny. I have seen this happen a few times on the OTC, but never had it explained in such a straightforward manner.
I'm glad I still have a few shares for the next leg, but I have no delusions of any OTC stock being a worth long term investment.
Buys to sells are likely nearly equal..
I've been selling in increments all week, and got a large amount off my plate at HOD yesterday.. only mistake I made was telling that board.. Nothing like getting bashed for taking profits on 250% gains instead of holding for 2,500% (because we all know it's going there, why sell now?) LOL!!!