Value Microcaps Junior Energy

[stock_peeker]

PEIX price appears directly driven by ethanol prices now that the big volume Momo Trading has subsided somewhat. JMHO!

Here's a link to the current futures prices. If you were to compare the PEIX chart to a futures chart, like May or June, you'd see that the reversal in ethanol prices seems to have preceded the reversal in PEIX (though PEIX got an early breakout boost from earnings in late February). In fact if you sort of filter out the earnings-related breakout for PEIX, it starts to look more like the ethanol futures chart.

This is just a loose chart observation, not a technical analysis.

http://www.cmegroup.com/trading/energy/ethanol/cbot-ethanol.html

Best Regards,
'peeker

ps> still long PEIX and hoping for an improvement in ethanol prices, which I think will take PEIX higher.