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Thats what I posted earlier for some of us that have been in this stock really know how she works.
It is way over sold. RSI is way below normal for this stock. 24-26 range in the coming months.
I believe Peix has found the bottom. Prepare for another run...
Oh boy!!! I wish I would have waited until end of day to buy back in. Im still happy with an entry point of 17.95/.96. It would be really nice for this to bounce back rather quickly instead of the same ol' steady climb.
Rule_62,
I always value others opinions, and I really appreciate you expanding your outlook on PEIX.
In terms of the remain 4% do you have a educated guess on when you think they will buy it back?
Hey Rule_62. I want to try to get a general idea of what you feel like this will go in the next week or two, granted the good news of 96% ownership now.
Why is LJPC so high? I got out long ago. Did they do a spilt forward?
You can always count on that 11:00 am dip, or shortly after I should say its not always on the nose but right after or before 11am.
I seen some one post something about it on the Yahoo board. Just wanted to see if anyone else heard or seen anything about it?
Have any of you heard about the NASA deal with PEIX?
What did I tell you Dutch. Right around 11:00am low point of the day. Im hoping you got in around then. I seem to have missed, it but took another position a little higher than I wanted to. This will break 21 this week I believe given the technicals. Take the profit and put it in your pocket.
I hear you Dutch. I did the same thing. I was hoping to pick up some more cheap shares by putting in a sell order at 18.00 and picking them back up around 17.50's. I still made an awesome profit. Im hoping that it will drop to 18.50's level. If not I will buy in around 11am. Looking back at past charts it has a tendency to fall around that time. Good luck Dutch!
Even though the market conditions suck I believe we have a good chance for PEIX to close at 18.
Whats not to love about it. Its still cheap and it allowed me to pick up more shares.
No bad news coming from the CC. Out look is great even gong into 2015. They are continuing to implement new technologies to their plants, and have a better market capabilities than mid-west ethanol plants. They will continue to increase their cash value and strengthen it balance sheets. Also relieving all plant debt to 3rd party which in terms is saying they are debt free at this point. THATS HUGE!!!! Those are just a few of the highlights.
This is a standard for PEIX after earnings. We will most likely see it go back up in the coming days.
PEIX is 3rd on the breakout board. I know it has to with posts, but hey! It may just bring us some more attention.
Im on the same level Dutch. Im keeping my fingers crossed at this point.
Even though the day is early Peix is bouncing around 17.80's levels awaiting the CC. If management gives good incite on were PEIX is and were they are heading in the coming months. We will see it fly.
If they do in fact own 100% PEIX is on its way up. The way it's sounding like to me Dutch that they now own 100%. Lets wait and see what they say in the CC.
Awesome!
Ethanol market is strong this season and will remain that way the rest of the year. Lets just hope we beat earning estaminets and blow it out of the park the quarter.
I want to get a general consensus on were Peix will be in the next week or two?
We should see a spike soon granted all the turmoil going on in the Middle East don't you think?
Pacific Ethanol reduces net consolidation plant term debt to $20.5M
theflyonthewall.com
32 minutes ago
Pacific Ethanol announced it has acquired additional term debt of the Pacific Ethanol Plants. Pacific Ethanol entered into agreements with certain lenders of the Pacific Ethanol Plants to acquire an aggregate of $14.7M Tranche A-1 Term Loans made to the Pacific Ethanol Plants for a cash payment of $17M The $2.3M premium paid over the principal amount of the loans represents approximately a $1.3M, or 36% discount to the prepayment premiums otherwise payable by the Pacific Ethanol Plants had they elected to prepay the loans prior to maturity. The acquired loans will be eliminated in consolidation, with the premium over the principal amount recorded as a one-time debt extinguishment charge. The company's net consolidated Plant term debt after eliminations will total $20.5M.
Looking at the charts, it is setting up for a nice pop this week. It would be nice to push past a couple of the key resistance levels before heading back into the 15's. I am positive that we will see 15's this month if not higher.
From what I seen it looks like a rebound, but it sounds like you have more insight in which I respect. So what is the lowest you see this going (bottom).
Chart is setting up nicely for a big bounce.
I picked up 1340 worth the shares today at 12.59 thinking that it would bounce back. Boy I was wrong should have waited a little bit longer and I would have picked up shares around the 12.20's-30's. Don't get me wrong I would love to see her fly high again, but Im hoping to pick up some more cheep shares tomorrow before the next climb.
Huh? Kel3 what do you mean by this? "Giving money back to Q2 earnings fair value adjustment."
Pacific Ethanol Reports Record First Quarter 2014 Results With Operating Income of $34.9 Million
Yes sir, sit back and enjoy the ride up.
PEIX is # 8 on the Breakout Boards. I know this is based sully off of posting, but I glad to see it back towards the top.
Hell thats even better. Zoom Zoom!!!
I believe they will post the Q1 on the 7th of May. Im speculating. If thats the case T-minus 11 days and counting.
MAY can't come any sooner.
Nice chart!
Hovering at the first level of resistance (15.11) I would be nice if it pushed past the second level of resistance (15.55). Im hoping for a close around 15.60 today. We just may have a couple of green days ahead of us.
Hell I bet she hits 19 in the next coming week. Theres a pattern starting to form.
Pacific Ethanol expects USD28.0m from public offering of common shares
M2 via CMTX - 1 hr 55 mins ago
US-based renewable fuels company Pacific Ethanol (NasdaqCM:PEIX) said on Thursday that it has priced its public offering of 1.75m common shares at USD16.00 per share for gross proceeds of USD28.0m.
After deducting underwriting discounts and commissions and other estimated offering expenses, the company expects net offering proceeds of approximately USD26.0m.
Net proceeds from the offering are expected to be used by the company to pay USD0.9m in outstanding principal and accrued and unpaid interest owed under the terms of its senior unsecured notes, as well as for general corporate purposes.
The offering is expected to close on or about 8 April 2014, subject to customary closing conditions. Lazard Capital Markets and Cowen and Company are acting as joint book-running managers for the offering.
All of the Ethanol companies are down today. :/
I have also beaten myself up today with putting in a 17.50 limit sell order knowing that it was going to tank today, but decided at last minute when hit touched 17.80+ to cancel my order. Should have stuck with my gut.