Alto Ingredients Inc (ALTO)

[rikelme]

The last 40 minutes of the regular trading day were insane. The power hour is between 12pm - 1pm here in California, matches the lunch break. I was glued to my two 27" monitors with 1 minute PEIX chart and L2 bid & ask quotes, or "market depth" as E-Trade pro calls it.

Just before the rush started I posted here a good luck message to GoGreen, as I kind of anticipated that something big is just around the curve. And boy, was I right.

When trades started to flow down the screen at the speed of the light, I said to my self: Just be cool and take advantage of the mania. I prepared a market sell order with half of my position bought in low $3.70s and hold a mouse over the confirm button.

When the RSI broke 90 on the 1 minute chart, I knew it's time to sell. The order fulfilled at $4.85, very close to the day's high. Net profits - just over $5k.

Very happy with the trade, but even more with the fact that all this DD and time spent here on forums and reading various articles, reports and charts finally payed off itself.

Could PEIX make better numbers, sure, but hey, that's why it is traded so low in the first place compared to other ethanol producers.

Good luck to all longs, and condolence to all shorts who got burned today. They should've known that PEIX is very unpredictable beast that usually doesn't obey the laws of physics.