History tells us that the trading price of a stock usually moves towards the Book Value price, not the other way around. That's why the $6.33/sh Book Value price is so exciting.
Yesterday, you said "the best one can do is learn from history". I gave you some history.
Every publicly-traded company is unique. Every one of them, including Pacific Ethanol, has an individual history, an individual set of financial statistics, an individual forward guidance, and an individual reason for liking or not liking it.
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