or get your price.
corn is hitting new lows, down big overnight.
I'm going to stocktwits and I hope you guys will come say hi and share your thoughts.
It's a good platform and yahoo has more disadvantages.
Tha lot of nice people on this board, but it is time to emigrate. I am a man of principle and do what I say-in this case I hand the floor over to the attention seekers and bickerers.
9 out of 10 posters are infatuated with the board tool.
They play right into his sociopathic tendencies.
Peace out and have fun playing with Ray.
It seems most normal people will have nothing to do with this board, and I will happily join them.
loading another strike on the next dip.
I am literally buying everything I can. I practice what I preach.
I'd rather not disclose my intended strike purchase, but
I will say it will be a very bullish bet on PEIX.
I'm sure those who did their DD are doing the same.
from Platts survey. came out AFTER the close yesterday.
92 cent margin currently off of Midwestern pricing.
up 9 cents wed
up 4 cents thurs
down 1 cent Friday (corn was down over 8 cents)
cali premium currently 26 cents.
WDG vs DDG premium ...? but it is significant.
consecutive 'bullish engulfing candles', or outside days as some say
the body of Thursdays candle fully engulfed the body of the previous day's candle, and the part that makes it rare, is that Fridays candle engulfed both Thursday's and Wednesday's candle.
what I really like is the positive macd position on the ethanol futures chart, the daily and weekly peix charts, and the nascent breakout on heavy volume, with continuous up days, and closing higher than the open on 10 consecutive days now.
The indication is that due to the investor conferences, financial metrics, and the lone analyst's revision this week, along with the epic fundamentals of ethanol, our WDG's, enhanced yield, LCFS credits(which along with RIN values have been on the move...
and the EPA RVO's will be out very soon.
Oh yea, and that earnings thingy.
OMG have you seen the price of CORN?
3.70 a bushel, less in cash markets.
charts confirm. we know the margins. we know the FVA is a plus this time. analyst sees .97
I see 1.00-1.55
Weekly MACD crossover this week. Technicals scream buy. We have all the ingredients here.
Buying more Monday. Just wired in more cabbage.
I am heavy into the Aug 17's. (been buying for 2 weeks) and some 18's for good measure.
cali ethanol up 13 cents wed and thurs since EIA report.
sometimes it's not complicated.
Cali ethanol added another 4 cents to yest's 9 cents. now at 2.44.
corn was flat.
this is driving exports off the West Coast. That, along with Cali comprising 25% of the domestic ethanol market, is keepin a strong floor on margins.
even the LCFS credits have been in rally mode along with RIN's
Converged bullish indicators and cheap valuations (REX and GPRE has seen profit taking, but not PEIX) make this such a great safety play and value proposition.
along with new money.
The balance sheet cash flow and earnings should be uber-stellar imo.
makes for great headlines all-in-all
up 9 centsor 4%.
margins are about 80 cents in cali and climbing, net of all costs
and going higher.
Ethanol futures charts are in bull MACD mode, and early in the trend.
I think I've mentioned that.
they got word of the est revision this week, from 50 cents to 97 cents.
that is worth a 50% move over the next 8 weeks imo.
the accumulation for weeks has started to get to be a crowded trade.
the next run up will be fierce. The shorts have a lot of stops in the 18's+19's