Alto Ingredients Inc (ALTO)

[Rule_62]

Probably had a lot to do with what caused the response to the Q1 earnings. Remember that the underwriters/purchasers of the April 2nd offering got to see the books, so they knew full well what was coming and you can bet they knew only too well that the pack generally tends to only look at the EPS and not much else. 1.75M shares to sell calls against (they couldn't possibly get hurt) and almost a month to short on top of that before earning release.

This time around though the situation is a little bit different. They don't have a massive non-cash charge to drum up FUD around and lead a downhill charge.

BTW, do you find it strange how quiet that same trio that took up the offering - Craig-Hallum, Lazard, and Cowen and Company - are on the subject of earnings estimates? Do you think they just might be peddling puts this time around?