Cripes Ray, Biff invited me back and told me he'd share his long thesis for his $15 price target. He never showed up though.
This dang thing is trading even cheaper (reverse split) then when I pumped it from$.30 to $.75 last year.
Did nothing improve fundamentally?
Well that's what I thought... Biffy boy doesn't want to put on his big boy pants and is just a really bad troll.
Ray, it's been 1.5 yrs since I've been around but I gotta ask, why are people still bashing you with how many quarters of you being right under your belt? Not just 1.5 yrs, but many more before that.
I'm confused. Are they this insane?
Waiting.... Biff, you there? We were just on the other board chatting and you told me this was going to $15, so please share your research and investment thesis on this matter.
What's changed in the last 1.5 yrs since I have been here, what are the future earnings projections, what are the current dilutions occurring, what is the present ownership of the company since the bankruptcy, are they at 100% now? Is there debt attached to that or sold shares?
How much is corn nowadays? Is the production ratio still the same?
Ray, Ms Kelley, and others please do not comment. Biff wants to explain his thesis to me so here I am and I ask the rest of you to let us have the discussion.
The floor is yours Biff...
My Gawd man! I already stated those were trading shares that I intended to sell into any spike and did as soon as it petered out so early.
As for the premiums, I already said I spent a month buying the opposite positions on large swings when the opposite options went cheap.
I get it, disciplined planning is hard to comprehend. Read that book I keep recommending. It will help you plan investment strategies.
This is why I am leaving this board. I can only lead a horse to water I can't make you be patient, plan, and execute.
PS if you want to talk about PEIX, start a thread there. I will come over and see what's up... Who knows, maybe it's worth a long or short going into earnings. Just don't know as I haven't kept up!
But let's take that discussion to that board... Okay?
You must be really underwater. Guess you should have sold when I said 1.5 years ago
Why would I short PEIX or ask others too? I already said I haven't kept up with the ethanol industry since then.
Such anger externally projected isn't going to help your investments or your health. Internal controls are more healthy
And my straddles would have paid off if that happened too. You really do need to start learning about investment strategies... If this goes to $100 this week. I will make more money on that swing up also.
Please educate yourself.
NASCAR, I only posted today to point some folks to information that would be useful to them in the future and not even QCOR related.
I am still neutral, will cash out different sides of those bets as they are profitable and have no need to be here for the next year.
I am not back and hope Maxdad doesn't come back either. You and this board deserve better and many of you are already researching more and collaborating more with sharing information. So why have dominate people present?
Dr Don, Johnny. ( the teacher not NyHome who has a history here you should look into), PJ, Lori, and many others are contributing good information.
Let it grow naturally and this will.be a better board for it.
Biff, the drought and corn from other countries along with all the oil industry bashing 15% ethanol was harsh on all producers.
I see no need to apologize though as I was the one who convinced Ray and other shorts to let it up for some of you to get out. I don't remember if you were one of the ones who bought at $1.60 like ms Kelley 5 years or so ago, but when it was $.30 and everyone was in pain, I got the shorts to let it up to the mid $.70s at least.
I also posted when that was it and to sell now cuz it's going back to the $.30s. Ray and short friends were also kind enough to post that and even gave one more chance at the $.70s the next day or two.
So not sure what I should apologize for considering I was an advocate for the pained longs and convinced the shorts to let you out at a reasonable price level.
As for the future of PEIX, no idea. Haven't touched it or researched ethanol in a year and a half.
You are still missing the point and should reread my replies to you. I didn't get lucky, I was positioned to profit either way. That is what straddles are.
This is my third reply to you with the intent to point you to information that can help you. At this point, I don't think you want to any help but rather just want to bash someone who had straddles and would profit no matter what because you don't know investment strategies.
I still wish you the best, but my fear is it will be the worst at some point in your future. Take care.
Biffy, would it help if I apologize to you for not being more forceful in my SELL NOW posts in PEIX a year and a half ago?
There were 4 of us who really wanted to let the folks who bought 5 years ago out. Heck even Ray agreed to let it up for a week. It took off 120% and I thought I was clear that was it.
That's old news Biff. I haven't even been in or shorted PEIX since. I know Ray is still over there but ya gotta give him credit for letting you have that week of opportunity to bail. Most shorts would not have done that.
I urge you also to further educate yourself on how the market works or maybe stick to index funds.
Spinning the information i provided into somehow assuming or trying to convince me I knew of the CEO comments is ridiculous.
Many things going on that could result in something negative. Risky stock because of those things and possibility of news, basic risk management warranted, low buying trend for 6 weeks means little interest with all the big buying occurring 6 to 10 months prior means selling pressure on any pop, shorts who wanted to cover did with even the 3M who tried to manipulate it the month before covered a few days before earnings so no buying pressure there
This isn't rocket science, these are basics that folks who are trading stocks should know, and watch.
If you are long, and believe in your thesis, then the last few days shouldn't have even bothered you. My guess is that you were waiting to sell a pop like a large proportion of people were and that was a known reflected in the lack of buying for the last 6 weeks with known good earnings. See, even that one piece of market data should have warned you that there are more people waiting to sell, so that's why no one was buying with known good earnings. Look back 6 months and see that big red candle that took us to 50 and closed near 40. That is what would have happened last week if there was no bad news.
Take the info I provided as a starting point to learn more as it will help you with your other stocks as well.
Good luck and best wishes on your investments
Are you stil fighting with Ray over PEIX? Cripes, those trades are over for a few years man, it will never recover to your entry point.
Good luck though