matt24d, that is me with PEIX. I know the indicators and pps are trailing down, but I really like that the company has paid off their convertible debt early and had record revenues last quarter.
I know they added some shares to the float recently to generate about 8 million dollars, but the majority of those proceeds where used to purchase more interest in the ethanol manufacturing plants holding company. As long they are not using the rest to make payroll, etc., then I am ok with the additional issuing of shares, as long as it is limited and used for growth.
I, like you with TAT and the others, find it really difficult to turn loose my position here. I am fortunate in the fact that I bought in at an avg or .38, but I have rode the roller coaster to here, not selling a share, giving away alot of $.
Due to this, I have been asking questions of Augusta about reading charts, and learning to use them. I really believe the charts have dictated this move down, and may indicate a further down, but I still feel it could turn and go back up anytime.
I have been reading this board everyday for about the past month, and like the folks on it, along with the info. Appreciate everyone's willingness to share info. Alot of good guys, imo.
