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Huge bid after market. 128k at 6.04
Candlewood plan is starting to unfold
http://www.bizjournals.com/sacramento/news/2016/04/11/hedge-fund-pacific-ethanol-produce-more-value.html?
Manipulation has a purpose. I don't know what that purpose is.
Candlewood owns way too much peix shares. Whatever manipulation is going on they are at the root of it.
Not sure if this is a takeover attempt? I think if this was takeover attempt Neil would have flooded market with new shares.
I honestly think we are headed for buyout. But then I dont know why keep pps so low. To trap shorts?
Good earnings. .02
We will take it. Pps should rise
This is brutual.
Someone pls hold my hand :(
I can't even share my pain with wifey she will disown me
Lots of insider buying again.
Gpre is up now as well and oil is recovering from being down big. If eia report is positive we may go back to $5 today
I highly doubt we go below $4
Do you know what the book value is? It's $8+
Some hedge fund is dumping that's all it is. This will be over soon
You do know insiders bought in the 7.20 to 7.50s range. They did not buy to loose money.
It's shorty galore right now.
Fundamentals are strong. Management just cannot be trusted
I am in at $10.52
Maybe now you feel better :)
Don't worry this will come back up.
I bet Neil refused board seat to candlewood and they are raping it right now.
Or he has made a deal with someone towards something. What it is I don't know. They are making money yet they hold inventory and show loss
It's bloomer article that said epa to cut corn ethanol mandate. I am so @$!! $×!@$
Finally some positive vibe. Hopefully all negativity is behind us.
we should be trading around 15 when compared to where our competitors are trading based on the oil downfall.
People are actually reading 10q. Q2 guidance is in there and furthermore actual loss was only one million rest were expenses and merger related losses
Someone is scooping up shares like a hungry hippo. Watching L2 I see large asks show up and get taken down in a second.
what exactly are you trying to say?
Q2 Outlook as listed in 10Q Filed today
No need to panic, this was an expected loss for Q1. PPS should continue its move up once this smoke settles.
The ethanol industry experienced negative margins during the first quarter of 2015. Overall crush and commodity margins, which reflect ethanol and co-product sales prices relative to production inputs such as corn and natural gas, declined due to the drop in ethanol prices and an industry-wide increase in inventories as well as volatility in the energy markets. As a result, we along with others in the industry, reduced production rates in the first quarter of 2015 to better balance supply and demand. Thus far during the second quarter of 2015, margins have improved and are now positive. We have increased production levels in the second quarter and expect to maintain these production levels for the balance of 2015 assuming the improved supply and demand balance is sustained.
Part of the decline in margins is attributable to seasonality, with lower demand in the winter months, driven by lower overall demand for gasoline. We expect a better supply and demand balance during the summer and fall months, due to higher overall demand for gasoline during the driving season. We remain confident in the long-term demand for renewable fuels and our ability to execute and create value. Even with the recent drop in fuel prices, ethanol continues to trade at a significant discount to the wholesale price of gasoline. We believe this underscores the value of ethanol as a high-octane, cleaner-burning and cheapest available liquid transportation fuel.
Net exports of ethanol continue to be a positive factor for the industry. According to the Renewable Fuels Association, United States exports of ethanol rose 35% to approximately 836 million gallons in 2014 as compared to approximately 617 million gallons in 2013. We expect United States exports of ethanol to further increase in 2015, as Brazil migrates to 27% blend levels, strong demand from Canada persists and Asia and other parts of the world continue to draw exports from the United States. In addition, demand from China for dried distillers grains with solubles remains strong which supports WDG prices.
It's shorting. Watch L2 and you will see
Thursday,friday
Q1 2015 Results on Monday May 11
Keep in mind, each time peix has posted positive numbers it has always been on Mon-Wed. That is a fact look it up going as far back as 2010
big boys are back in the game. everyone knows the company is worth at least twice of where it is right now
PEIX Does Hedge Ethanol
just glanced at the new s4
"At September 30, 2014, we had contracts for delivery of ethanol totaling 26.9 million gallons through December 31, 2014, of which 24.6 million gallons were based on fixed-price contracts and 2.3 million were at spot prices using Platts and Oil Price Information Service (“OPIS”) indices."
Question is at what price they did lock in that ethanol sale? around mid September is when oil began to tank
Patience. But I know easier said. Pain with pps is sometimes unbearable.
No pain no gain !!!!! $
Yap agreed. Neil will hold on to all good news until right time.
Look last year we all knew Madera was going to open. Someone was driving by plant fairly routinely and posting pictures. Neil kept denying it. Then with q4 results first PR was Madera is opening
I agree Neil has something up his sleeve. Last time everyone was bashing and we went below 3. And then all the way to 23 +
Furthermore I found the latest sec filing little ironic. With the various questions and answers. Wonder why peix did that? my thinking is to let people know that insiders cannot support the pps because of merger. They cannot buy or sell anystock until merger is done with. Which kind of stinks. Any sort of insider buy will stop this falling knife. I just hope the earnings come out soon
Mine and your prayers????
What is the difference?
Whose paying 1.85 wholesale?
Short data for today
Date|Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
20150106|PEIX|336401|18692|750875|Q (nasdaq)
20150106|PEI|8000|500|21000|N (nyse)
20150106|PEIX|4525|1067|58777|D (ADF)
this is not total, just 3 exchanges
look at big exchange nasdaq about 45% was short volume
I hope they burn in hell soon like last feb $9-15
Peix sells at price
According to dtn progressive cali price has been $1.85 all of last week including today.
I have no idea about kinergy. Peix 10q does not break down price per week or month. They will just report avg price paid for corn and avg price ethanol sold for Q4
Either way neil is not stupid. PEIX is pushing hardcore for positive analyst ratings. Q4 will definitely be a beat on the 0.19 analyst estimates.
I raise my hand :(
I held on and never sold at 52 week high, nor have I sold any since. If at all I dropped $17k and picked up some at $15 and some at $11.17 or so
It is my fault, I let greed get me. I have held on to peix since post bankruptcy, even when it went to $1.90s after initial bankruptcy, I did not sell. Stupid me, it went down to 0.25 and reverse split. But all that pain was worth it last year when we went to $18 but again greed :( I did not sell until it came to $13
My initial target was $20 when we hit it I kept moving up the sell order to 22, 24 ....
Long story short i have lost half of my profits. My current avg is $13.27
If i had time to day trade i would not be in this mess right now.
thnx for crunching the numbers rule
this puts us well above the analysts estimates of 0.19
I am not sure what the operating expenses are and what kinergy bought and sold at. We should definitely beat that 0.19
Ok so here is the real deal. Let me know what you guys think
1. We all know pps is manipulated. If you don't think so, then ........ For goodness sake look at cali ethanol price and corn cost basis. Profit is good. Manny have posted profit numbers and they are fairly accurate, even if they are off, they are not off by more than 0.10 or so
2. We know warrants are still left and short interest is at an all time high. Lets think this through. In their last presentation peix wrote they have about $90+ million in cash I think. So why the fudge is the pps in toilet. I think neil is in on this with certain institutions. With all this cash why has he not gotten 100% ownership? Why do they keep paying to induce warrants? Very possible buyout offers are on table. With warrants looming neil cant do it, so he is paying to induce them. I bet once all warrants are induced you will see 100% ownership PR as well. I am sure the reason we get shorted to oblivion is because the shorters are in on this and know when warrants will be induced so they can cover. And it will also be these shorters who will press on the gas pedal after words and let the stock run upwards.
It's the options they expire on Nov 22
Someone probably sold bunch at 14. And this is where pps is now
He has some zombie followers who likely dumped their shares as well today
Cohen Maintains Outperform Rating
http://www.analystratings.net/stocks/NASDAQ/PEIX/?RegistrationCode=SocialMedia-direct
For those interested
Ya I have tda so I have been watching L2 and figures something good was being said.
Thnx again for the update. I will listen to it once I get back home today.
Furthermore Cohen again today is maintaining outperform rating and $28 pls.
Its good that analysts are not bailing
Thnx.
Did anyone listen to conference call and could pls post some highlights
Especially future guidance and which analysts called in?
Thnx am at work so unable to listen to it
Awesome news. We should finish strong with earnings after market and keep pushing higher towards 20s
Northern California ethanol for this week shipment traded at $2.04 per gallon, up from $1.95 per gallon seen Tuesday.
That's the reason
Took it up the rear end again today. I guess I will walk a little funny over the weekend.
:(
Wow look at new short interest 4.25 million
This is going to be fun when they get burned
I have been holding since before the reverse split. More often than not I have been wrong on when to sell and buy.
I am going to ride this out as before. I am stuck again because of my greed. My initial target was $10 which it hit, I got greedy, then it was $15 and so on. Should have sold at $23 but oh well. Hindsight
Company has good cash flow and just like march/april this will pass and ethanol price will rise as will peix PPS