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Pacific Ethanol, Inc. Message Board

  • dalton880 dalton880 Apr 7, 2014 11:12 PM Flag

    PEIX never did a full 60% fibonacci retracement

    The move from $9 after earnings to $16.50, was not retraced a full 60%. That would take the stock to $12, and it never got there. That's what I think is really happening here. Has nothing to do with fundamentals at all, as we all know that the rail problems will persist for months or longer(keeping ethanol, and especially west coast ethanol high), and that with the Madera plant and increasing worldwide demand, PEIX will likley make $4+ for 2014, and is worth at least $30, even after the dilution and eventual taxes.

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    • So What...............that is based on variables from day to day just like everything else in life and subject to change with conditions................like railroad tanker shortages continuing to drive up margins for PEIX on the west coast and low corn & sugar prices or good hedging on feed stock prices etc. etc.

      Even news of PEIX restarting their Madera,CA ethanol plant & more record earnngs coming out???

      Where is that oh so exact magic formula when you need it? Change is always screwing it up and of course.

      fibonacci is also in the interpretation of yahoo finance message posters too?

      Sentiment: Strong Buy

    • longs are flocked

      Sentiment: Strong Sell

 
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