Small cap Pacific Ethanol Inc. (PEIX) has been named the third-most bullish stock for Tuesday. It's not totally crazy. The company posted numbers yesterday, making their way into the black by more than just some complex accounting work. It's still not a case where the results justify the price, but there's legitimate hope here. And, whether or not the price makes sense on a trailing of forward-looking basis right now, considering how badly Pacific Ethanol shares have been beaten up this year, there's got to be way more upside than downside from here.