I took the price of ethanol and corn for the first and last week for April, May and June using the margins calculations I have posted on this board previously.
To my amazement as the price of ethanol and corn where plummeting during those months they actually came out very positive until the last 2 weeks of June where it finally went negative -.13 cents.
The average of all 6 samples came up with a net positive of .11 cents per gallon for those 3 months.
Was that enough to convince me to buy more. NOPE.
Pacific Ethanol, Inc. the leading marketer and producer of low-carbon renewable fuels in the Western United States, announced it will release its second quarter 2012 financial results after the market closes on Tuesday, August 14, 2012. Management will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time on Tuesday, August 14, 2012
(3 Hr Time Change Means they Will be Happening at the Same Time)
Conf. Call & release its second quarter 2012 financial results at The Same Time
(Must Be Something Special,Unusual Timing)
Its Almost Like they Want To Catch shorts By Suprize,After Hrs. With Light Volume.
Has this Happened Before ?
Hmmm, scary when they host a conference call prior to the release but for the last 2 earnings they did it afterwards.
Makes you wonder why you would do that as a company just a few hours before the release.
Overlaying the charts and comparing ethanol with corn I thought it would be horrible and I only wanted to see how bad it was going to be but to my surprise it wasn't that bad at all. The operating margins I'm using only serve as a momentum gauge and I noticed when the west coast is doing good the midwest isn't and vice-versa we'll just have to see what their expenses will show in the earnings. As Mizz K stated anything above -.04 is ok given the circumstances.