Alto Ingredients Inc (ALTO)

[moneym8ker]

You took all that time to tell me that my opinion doesn’t matter?

I’ve been trading PEIX since 2007.

My last position I bought at $3.35 and sold at $11.00.

There was something cosmically wrong with it receiving upgrades and lofty price targets ranging between $16.00 and $21.00 from insiders who were facilitating their $75 million dollar offering.

It also hit a 52 week high at a known “bugaboo” price of $11.44.
Here in San Diego, 1144 is “Ten Code” for dead. It hit that and dropped and I sold at $11.00.

I’ve been bearish but have still traded it here and there since then but the real reason for the bearish posture is that $75 million dollar offering.

Will it clean up the balance sheet? Sure. Will selling some property clean up the balance sheet? Yes I’m sure several things they’ve done will.

On a Price to Earning level are they a cheap stock?
Yes they are.

The biggest problem with PEIX is their rise from $0.22 earlier this year to this price and the short interest that has pressured it lower.

If my opinion on these things don’t matter to you, don’t waste your time replying.

I rarely disclose a position on a penny stock.