I wonder how the war in Yemen is going to effect the world oil supply. One thing is certain, Oil is cheap now and I really don't think it will stay that way. As such, now it the time to start buying while the whole energy sector is down.
Yeah, I'm kinda bummed about that. I have a ski trip planned to Vail next week and the snow is all mashed potatoes. But at least I can work on my tan.
No offense Chuck, but if you look at my past posts, I was buying at $7.80 and you were doubting me then. I can dig-up the post if need be.
However, do your own research and make your own judgements based on the latest earnings report. Lets face it, the tide is low in the Energy Sector and even the good boats go lower when the tide is out. The basic premise of investing it to BUY at a good entry point. This is the #1 Rule of Value Investing and PEIX is a GREAT VALUE right now based on their BALANCE SHEET and INCOME STATEMENT and CASH FLOWS.
You can join the 17% shorts and day trade all you want - but a profitable company with increasing market share and strong cash flows is a good investment in my book.
PEIX is really starting to look like an attractive BUY. I don't care what the day traders and the over-sold short sellers say...PEIX is really looking good from an INVESTMENT standpoint at these levels. They've really improved their balance sheet over the past few quarters and they've demonstrated they can still turn a profit when the rest of the Energy Sector is in the pits.
I know its difficult to start buying when stock is low. But if you believe in the "Buy Low and Sell High" way of investing, then you have to start by buying low.
Plus, PEIX is not an Internet Company with no assets and a few computers. PEIX owns large manufacturing plants that are very difficult and costly to replace under the new regulations. So its not like your shares dont respresent ownership in hard tangible assets.
Who said it is being manipulated? There are tons of e-mails on here claiming manipulation. If you don't believe me, just search the word "manipulation". However, no one can provide any details. Funny how that works.
No anger management needed. Just tired of hearing manipulation...manipulation...over and over and over...it gets old after a while.
Okay Chuck. Have it your way. PLEASE INFORM THE BOARD WITH DETAILS OF HOW IT IS BEING MANIPULATED AND WHO IS MANIPULATING IT. If you can't provide details, then you are talking BS.
Once you discover you can't provide any details...then you will also discover that there are more sellers than buyers today.
The Short Interest is Increasing...This could get interesting. The short interest was 16% before the RECORD EARNINGS Release...now it is 17%.
When you go long, your downside is the price you paid. When you go short, your losses are UNLIMITED. So this could get interesting if any good news from the EPA (or other sourse) comes out.
If the short interest keesp increasing - A well funded MM could just start buying PEIX in large blocks to create a squeeze.
Pumpers only pump junk stocks. PEIX needs no pumping...the RECORD Earnings Report needs no pumping. EARNINGS and CASH FLOW speak louder than all the short bashing BS put together.
Oh, by the way, how did GPRE finish today?
Short-squeezes don't happen - until they happen.
The shorts could decide to double-down and short even more now that we're above $11 a share. PEIX has proven that it can earnign record profits even in a down oil market. BUT, the only unknown I can see is the EPA's announcement on Ethanol levels going forward.
A lot of the movement has to do with the EPA. It sure would be nice if they would announce what the renewable fuels standard is going to be going forward.
If $11 doesn't hold, I think I'm going to buy some more shares. I really like the fact that PEIX was able to BEAT estimates by 23 cents a share and posted RECORD earnings in a down oil market.
Makes you kiinda wonder what PEIX can do when oil goes back up to "normal" levels? I really don't think the oil industry is going to continue to sell their product at break-even or loss levels.
I know why GPRE is up today. And I know why PEIX was up 26% in one-day last week.
And I also really like those PEIX shares I bought at $7.80.
The shorts keep on bashing PEIX. However, the RECORD earnings report speaks for itself. PEIX is way undervalued at these levels especially when you consider the CASH it generates.
I agree. Plus, PEIX is GROWING!
I truly believe if the whole energy sector didn't go into decline last fall - PEIX would be trading above $30 a share right now due to the latest earnings report. The only reason it got knocked down was due to the decline in oil prices. However, PEIX has proven that it can STILL POST RECORD EARNINGS even in a down oil market (see latest earnings report for proof).
Up 17% today...
Notice how all of the Ethanol Stocks are jumping double-digits in one day? PEIX went-up 26% last week after earnings were announced and GPRE is up 17% today.
To the shorts: Do you really want to short a stock that can jump UP double-digits in one day?