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Wow good call, I had order in at 11.00 but chickened out. I thought if it broke 11 it will go down to fill gap.
I had already bought before at 14.92, now I am smacking my self for not pulling the trigger at $11
If this stabilizes then I don't even mind buying at $13
Based on what?
Fva adjustment. We are not going anywhere until q3 closes
Corn price also dropped some as well and we still have some corn oil. Hopefully no fva for warrants. We should post decent pps.
With that said the extra percentage of company that was bought I wonder if that profit will apply towards q3.
Either way with the rfs almost certainly we will head into mid 20s again soon.
Cash Mid August $52 million.
These mofos are wiping their behinds with $100 bills
Page 17 of presentation Crush margin per gallon is between $1.10 to $1.20 in Q3 until end of august
Thank you??
Glad someone stepped up and took one for the team :)
keep in mind the corn cost basis is also low now
In june it was 4.84 roughly, today its 3.61 peix pays spot corn price for the most part as neil has mentioned before in CC
Ethanol avg price in June was 2.70 today its 2.07 I did not look up west coast price today. Ethanol future for October are 1.70 add west coast premium to that of at least 20 cents.
We are still good. Since june corn cost is down by about $1.20 where as ethanol price is down about 70-80 cents?
Just quick and dirty math. we are still good with margins even after operating costs.
While I am at it, I might as well chime in on the nonsense that is happened with price. I am not happy i have lost quite a lot of money in the past 7 days of trading here, but it was all profit. Damn hind sight.....
anyways if you have followed this stock as long as i have you will see that neil plays dirty. If you do not think he is involved in this manipulation you are sadly mistaken.
Something is definitely up, i would not be surprised if someone has attempted to shake up management. Think about it goldman all of sudden has about 1.2 million or so shares now? soon as neil realizes it, he amends the companies policy. Why else is paying off debt at a fast pace. Why is peix paying warrant holders to off load shares? For all we know he may have pissed off some big holder and now with some bad news industry wide they are just piling it on.
Absolutely no way day traders are doing it. Someone big is just raping it down and selling their own shares to themselves at lower and lower prices and picking up all they can on the way down from panic. I mean yesterday all ethanol companies closed green and high, what does peix do? 19.50 high and close 18.72? come on? and to start the day someone dumps at 18.50
Whatever is happening just close your eyes and chill, if you can and do not sell. Wait it out, After Q1 we went to 18+ and then 10.60s and look then almost 24.
Be patient, let the game play out as it will.
If management of peix is not involved they all would have bought shares by now, come on neil you sold at 21+ 25K shares, buy some now at 17.
I am mad at loosing money but I love this.
How does it feel gutshot to loose money? I didn't forget you bashing peix before last year.
Now for some good advise this will go up soon. And it will be quick like before. Look up corn of cost, cost of ethanol, crush margins. Its win win
PEIX Initiated as OUTPERFOM by Cohen
lets see how market responds to this tomorrow
Very interesting close today
Lots of big blocks in the last few seconds and then after hours
Another 52 week high.
Gift that keeps on giving :)
not yet. the day they get squeezed or castrated, what ever you prefer. we will see $25
yep they did the PR properly this time. It should be an exciting day tomorrow.
I think we will hear in the next few days about 100% ownership
Only 17 million debt, come on that is insane. Check out the debt on gpre. We should catch up to gpre soon
Adjusted net income was $41.8 million, or $2.04 per diluted share for first 2 quarters
If you are disappointed then you are blind
Market has clearly spoken. These are awesome results. We beat analyst expectations.
Stock is running after hours
who ever shorted this at HOD is going to get smoked right now. it will run right back up. Big boys are in control right now.
Shorts that are trapped just need to give up and move on
Smart money knows the difference between gap and non gaap. Past month just shows that. It was manipulated down after q1 why? Who knows maybe Neil pissed off a big holder
Fact that peix got up listed to Russell and now unfortunately Iraq situation pps will rise again speculation
Some of us are not good with charts i.e me
What's the verdict from your expertise. We continue the up trend?
yes indeed, no barrier !!
"That the Company will not, for a period of ninety (90) days from the date of this Agreement (the “Lock-Up Period”), without the prior written consent of the Representatives, directly or indirectly offer, sell, assign, transfer, pledge, contract to sell, or otherwise dispose of, any shares of Common Stock "
I read that part as thinking its being referred to Lazard. My error
Either way no one is stupid enough to spend $15.04 and sell cheaper. We all know price will be above $16 soon enough. Just something to keep in back of our minds that someone has motivation to make sure pps rises.
Certainly is a possibility. Remember Lazard picked up shares in April at $15.04 they have 90 day window which is end of june to off load and per agreement they can begin to off load those shares at $16
It is suppose to help increase pps according to this
Stock Price Reactions to Index Inclusion
When a company from the Russell 1000 just makes it into the Russell 2000, its share price rises compared to that of a company that narrowly missed making it in. The reverse move triggers a stock price decline.
The impact on companies' share prices of being included in a stock index, such as the Standard and Poor's (S&P) 500, has long been analyzed and debated. In Regression Discontinuity and the Price Effects of Stock Market Indexing (NBER Working Paper No. 19290), Yen-cheng Chang, Harrison Hong, and Inessa Liskovich find that when a company moves from the Russell 1000 to the Russell 2000, its share price rises. The reverse move triggers a stock price decline. These findings provide support for the view that index inclusion can affect demand for a company's stock.
Past studies have found that companies added to the S&P 500 experience increases in their share values, and yet recent studies with the largest samples also have shown that there are no corresponding declines in share values when firms are deleted from that index. That seeming paradox has led some to conclude that the share-price increases might not only be tied to buying by passive stock-index funds or institutional investors who are benchmarked to various indexes. Rather, the spike in share prices might be associated with an increase in earnings forecasts and improvements in realized earnings at the time a firm is added to an index. Also, some scholars have theorized that lingering "investor recognition" of firms that were once on an index may partially explain why their share prices don't fall after deletions.
The authors attempt to resolve this puzzle by comparing firms that just made it into the Russell 2000 index to those that just missed making it in. The Russell 1000 is a value-weighted stock index comprising the 1,000 largest firms by market capitalization; the Russell 2000 is a similar index that includes firms 1,001 to 3,000. The two indexes are based on end-of-May market capitalization calculations. Small changes in the market capitalizations of firms that are ranked near 1,000 can move them from one index to the other. The authors analyze the trading and share prices of companies that moved back and forth between the two indexes from 1996 through 2012.
Because the indexes are capitalization-weighted, there is relatively little index buying when a firm enters the Russell 1000 as one of the smallest firms, but there is non-trivial buying when a firm joins the Russell 2000 as one of the index's largest capitalized firms. Indeed, the authors found the index weights for the stocks in the Russell 2000 just below the 1,000 cutoff (stocks 1,001 to 1,110) are around ten to fifteen times larger than the index weights for stocks just above the 1,000 cutoff (stocks 990 to 1,000).
In contrast to past S&P 500 studies, the authors also found a deletion effect for stocks whose market capitalization bumped them up from the heavily-traded top echelon of the Russell 2000 to the less heavily traded bottom of the Russell 1000. Stocks with such upward movement experienced lower returns than stocks that stayed on the Russell 2000.
The authors also found that Russell 2000 inclusion results in more trading in June, after end-of-May capitalizations are calculated, and that activity is consistent with investors rebalancing and tracking stocks. The just-added stocks have more trading volume than stocks that just missed addition to an index, while the just-deleted stocks have more trading volume than stocks that stayed in the index.
--Jay Fitzgerald
PEIX added to Russell Global and 3000 index
http://www.russell.com/indexes/americas/tools-resources/reconstitution/additions-deletions.page?#indexes
Remember everyone. The shares lazard got at 15 they have 3 months to off load them. 3 months are up end of june.
We should see breakout soon enough
Likewise. I hope the good news comes very soon. The only reason I can see them asking for OS increase is for buyout.
Ah my bad. Thnx
Plugs website under upcoming events states may 28
i thought presentation is on wed 28th
What's the expiration date on those kel?
Last time we ran to $19 with earnings. Hopefully same is true now.
Pretty good aftermarket action. Someone has seen the good numbers
yap quite a lot of positives today. so a fairly well educated decision to buy in today.
We all know by now this stock does the opposite of what we think, right now everyone is banking on that $10 gap fill. I was too, but as i said, positive flow today so i changed my mind. The gap is partially filled as well
also lots of buying today as well. I saw so many different 10-12k block on ASK get smacked all day today. Previously during the downtrend who asks would get undercut by lower asks.
I don't think the entire gap is going to get filled, at least based on today's action.
Bought back in today again after lunch time. If you watched L2 and the way it held at $11 for most of the day makes me more confident that we all have weathered the storm.
GPRE also took it on the chin today badly and we did not get dragged down and finished green, so more hope.
i dont see this going below $10 everyone is worried about that gap. i got my truck loaded and two tanks on the side, i am going to steam roll over everyone and try to get mine at $10.
We shall how it plays out though
to each its own
relax its not going back anywhere near that.
keep shorting and i will keep buying at 10
Form 4 filed with SEC.
William Jones sold 7000 shares today.
This is lame, they should be supporting and buying. I am soooooo pissed. This gap at $10 is going to get filled for sure now.
Arg ***** I am out
I think this gap down in the $10 range is going to be filled. Now I will wait. That clown who wanted to dump 23000 shares did me in. Yesterday he wanted to dump them at 12.70 today at 12.40 and rest who ever was watching L2 could see easy.