Have been holding for long time...hold my nose...spec play. Thought after the reverse split I would buy more if we went to 6 bucks...did not get the chance. Do not want to see this be a day traders dream. We need some news to make it stable...that was the reason for split to up list. If we tank back down to 8...I will start building a bigger position up to 5 percent of my portfolio. May not get a chance...but I will settle with my small position now to make gains.
Thanks swall...the warrants have been a cloud over the PPS for some time. I believe that with each earnings, the confusion will be reduced as they are exercised and we can realize the true value of the balance sheet as it relates to the price of the stock. To me...the past few weeks of trading illustrates that those holding long agree. As a long holder, next earnings will be interesting with buying back ownership and how that plays out with EPS along with the amounts of warrants reduction. I am done trading around my core position and am keeping all shares long into 2015
Or later...Ray will be right. I would like to thank Ray because I have listened to his advice on this stock for months and have done the opposite of what he said. It has been very profitable. I hope that he starts pumping some stocks that he is long so that I can short to become even richer. Come on Ray...you are the Marc Faber of the message board. Some day, you will be right and we may go down 5 bucks in one day....LOL
Biff....try some KNDI if you like trading. Long term potential also if you trust Chinese stocks. And....DGAZ and UGAZ nat gas ETF. Trade only...no long term hold due to decay. JDST, JNUG bear and bull Jr Miners also trading only...also VXX and UVXY for trading market volatility. All have much decay so beware.
You are a sick individual if you think the SEC is following you.
KNDI Chinese putting billions into electric vehicle manufacturing and infrastructure. I continue to hold PEIX but KNDI is another play into Chinese disdain for pollution and lack of healthy lifestyle.
There are many here who have made a financial windfall in PEIX who do not speak. But I notice...the egotistical know it all posters are battling on who is the smartest. I do not believe that there is a perfect investor who posts here or that any of us could quit our jobs and do this for a living on a win with one stock. Lets get real. It is easy to brag on winners. Lets start posting our losers who may become winners and help each other.
Mine currently is KNDI. Any one else in this stock? Manufacturer of electric vehicles in China.
I have two experiences with owning a stock and having it reverse split. One was CLWR that was eventually bought by Sprint - Softbank and I turned a very nice profit. Another is PEIX that I currently own and have owned pre reverse split. PEIX has moved from 4 bucks post split to 23 bucks now and I believe has much more room to run. I have continued to own a small position in ACTC and held knowing that a split would eventually come. I will add to my position now on dips.
Hell Ray...law of averages says you may be right one day. Tomorrow may be your day. We need a slight correction for the next leg up.
Like this. Since June 30, 2014, we have processed warrant exercises for approximately 2.7 million shares of our common stock for approximately $20.9 million in cash. We expect that these exercises will reduce our GAAP earnings volatility in future . . .
Bergycb...hope you are truthful about your ownership. I have a feeling that there more people here who have made a killing by buying back in November and December. I have, but small with current 2000 shares. I have been trading in and out, but hold core position through earnings. Hard to imagine loading up below 3 bucks just months ago. Good luck to you guys because you are now playing with the houses money.
I hated to do it brain, but I had been holding 1700 shares for quite a while now and sold 1300 of them today. It took forever to get back to even although I have been enjoying the dividends...especially the 1 buck special div. Now it will probably break out after I sold, but I think I can re-enter at a lower price.
Buy the dips...amazing I was able to get shares at 14.80 a few days ago. Interesting to see what the percentage of institutional ownership is now.
Has there been an official announcement of earnings release? Not seeing it on PEIX website.