Replies to post #27783 on Alto Ingredients Inc (ALTO)

[value1008]

> Today was a bit of a blind side from traders

Yeah, i was astonished by what happened. As many will know, i had been calling for a pullback for PEIX (and REX and GPRE) just based on chart dynamics and the strong likelihood that much of the zoom rebound from Oct 15 lows was short-seller covering.

I seriously doubted yesterday pre-market that my 12.50s bids (which i had lowered from the low $13s) would even get filled. I toyed with the idea of pulling them back to the 12.10s or 11.90s but thought, Nah, PEIX will never be irrationally sold so low when crush spreads are so good for ethanol players.

And now, seeing is believing: the market is certifiably insane, utterly irrational -- in technical terms: completely bonkers.

[Rule_62]

The interesting thing with Nebraska is there's no corn oil production taken into account either. BTW I get $1.53/gal for their margin ($4.28/2.8).

Nebraska Processing Values

I've been tracking Nebraska prices all quarter, as that's the most likely State for PEIX to buy ethanol for resale.