Value Microcaps Junior Energy

[Bobwins]

I think it's just the market makers refusing to drop the prices as much as the underlying. They know that PEIX is supposed to deliver a big earnings surprise and they know investors want the cheap options so $15 and 17.50 options were priced really high compared to the limited time left on the contracts and they only dropped the prices at the last minute. I wanted to control as many shares as possible so I was willing to pay up even though they were expensive.

We won't have to wait long to find out. Hopefully today's red ink won't last all next week or even a great earnings report could get wasted. PEIX won't soar if the overall markets are all red like today.