I said it before, it is wrong to ask a ban !!!
A ban only comes when all other solutions for compensation has not succeed. They probably continue with trials and I bought more shares, lol.
Sold 200 shares (enough left) in premarket on 27/11 at 34.20$. I take this thing in a sandwich. Move down : buy more, move up sell more...
Not only sthis stock... Hindenbrug omen is clear at this point (too much stocks at low price when S&P index is too high).
I take only the same data like I do it in the past, sinds 2010 (when the ratio was good too). Ratio was bad in 2011 and 2012, about 10-15% lower.
I'm afraid nobody can answer for recovery. We can only wait after it.
My personal vue is that MM's are regulating the price and need to fall on their foots with prices after the down (They need to add shares at lower price).
Average CBOT ethanol price per gallon $2.23
Corn cost -- CBOT equivalent $5.14
Ratio of 0.43 (is good)
From filings, except for the ratio (me).
All the boards on Yahoo are the same at this time, with a lot bashers and pumpers. Best thing to do is waiting with you shares for 4$ (not 3$) far away from the boards before selling them.
Another way is to participate with some jumor, like I try to do it.
It was different a few years ago, but not for PEIX (same absurd things to read the last three years...)
No more, next step is selling the company to the chineses in exchange of some debt and a new communist managment team...
I saw this frenquently, maybe not exactly with 118 points and 8%, but it is a classic evolution and you are right with your message lower too.
Time to sell all of the passed stakes, but don't believe this brings more money than paid before... but at least it could drive up the quote...
All term indicators on Bachard are "sell", support is on 3.15$ and we all know it was lower than 3$ in AH recently. There is absolutly no indication for a good buy for the moment. I'll wait when the support is broken again.
I bought at 3.45 last and was out at 3.62 with some deception because earnings were comming. My vue is completly different now !
No buy more 3, for sure !!!