Alto Ingredients Inc (ALTO)

[Dutch1]

I expect Pacific Ethanol to beat their pitiful Q1 expectations, causing a big rally in their stock price, bringing it much closer to their $6.50+ book value.

That's an expectation we can work with. I assume it isn't an expectation for the first hours or 2 day's after opening of the next trading day, but valid at least a weak after the earnings.
If price moves down in the first hours, I will not judge your expectation by that. So let's see we will look after a week how PEIX performed after the earnings.

Like I said, I don't expect them not to beat expectations. Maybe they do on earnings but have a miss on revenue or the other way. But even if they beat both, I don't expect a big sustainable rally. They might rally for a short time, but not for a week and before the week is over, we will see them moving down again. My expectation is that after a week it's clear that the book value per share will remain around these levels.