AI
Monday, November 07, 2011 9:56:38 PM
PEIX pullback
Never chase a stock as it goes parabolic. The market will always correct that condition for you, and reward your patience with an often-predictable pullback. Such is the case with PEIX, which bills itself in its Form 10-Q on 4-Nov-2011 as being "the leading marketer and producer of low-carbon renewable fuels in the Western United States."
The Quarterly Report may be found at: http://biz.yahoo.com/e/111104/peix10-q.html
As for the technicals, the market is correcting a parabolic ascent. Look for the pullback to fill the gap, and level off in the $0.55 range. If it looks to be holding support there for a few days, you may just have found a good entry point, even though you were late to the party.
Here is a 60 minute chart to help guide the way.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=peix&x=0&y=0&time=3&startdate=1%2F4%2F1999&enddate=9%2F2%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=0&lf=1&lf2=4&lf3=8&type=4&style=340&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Never chase a stock as it goes parabolic. The market will always correct that condition for you, and reward your patience with an often-predictable pullback. Such is the case with PEIX, which bills itself in its Form 10-Q on 4-Nov-2011 as being "the leading marketer and producer of low-carbon renewable fuels in the Western United States."
The Quarterly Report may be found at: http://biz.yahoo.com/e/111104/peix10-q.html
As for the technicals, the market is correcting a parabolic ascent. Look for the pullback to fill the gap, and level off in the $0.55 range. If it looks to be holding support there for a few days, you may just have found a good entry point, even though you were late to the party.
Here is a 60 minute chart to help guide the way.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=peix&x=0&y=0&time=3&startdate=1%2F4%2F1999&enddate=9%2F2%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=0&lf=1&lf2=4&lf3=8&type=4&style=340&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
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