Ray you seem to forget one important thing. Ethanolprices are moving up. 30% up in 6 weeks. Cornprices Down. More than 25% in 5 months. Buisness is improving. Not small improvements. Huge improvements.
Pacific Ethanol Incorporated
Daily Short Sale Volume
Short Interest (Shares Short)
Days To Cover (Short Interest Ratio)
Short Percent of Float
Short Interest - Prior
Short % Increase / Decrease
% Owned by Insiders
% Owned by Institutions
Trading Volume - Today
Trading Volume - Average
Trading Volume - Today vs. Average
Earnings Per Share
Data Provided Without Warranty
Yes you can short PEIX Down - Volume still low. - But eventually you have to cover, and week for week marketconditions improves. Ethanol is going up. Futures up More than 30% since beginning of november. And Corn is dropping. Around 25% in 6 month. At some point there will be crowded at the entrance.
And still rising:
Jan 2014 Future up to 1993. Highest since july.
(Cornprices in July: 540 - Today 424)
As well as Ethanol spotprices: (Ethanol Rack-Price)
Average Price 2.7706 0.0267
Previous Average Price 2.7439
Up - Up - Up they go - And so does PEIX
This board has a system build into it. If a post gets 3 thumbs Down more than thumbs up, it automaticly removes.
Some shortholders/bashers uses this knowledge to try to remove posts not telling the story they want to hear
Exactly - Just like the run up 2 years ago
PEIX rallied from the 0.4 area to 1.84 in less than a month. The R/S in consideration PEIX pps is 0.29 and ready to rally and marketconditons for PEIX is much much better, tahn 2 yeas ago.
And 2 years ago PEIX owned 20% of PE Holdco - today 85%.
Ethanolfutures are surgeing and corn is dropping.
PEIX is on her rise. A turnaround.
Luke thats not right. The last year or so everyone has judged PEIX and other small players as BIOF out of the game. Margins were squeezes at a level were you need to be big to survive. BIOF is out. Sold their 2 units to GPRE. BIOF never made Money. PEIX made Money 2 q´s in a row now - But paid off debt leaving bottomline red. Smal investers sold out - to institutional investors - who now own a much larger fraction of the shares.
Now margins are so much improved. Therefore the Little investors - like the longs you find in here are excited
Short ratio is high, and ethanol futures rose more than 40% !!!! during this month
Up from 1600 only 4 weeks ago. Ms Kelly wrote about "parabolic". This is "rocketting"
pps will follow
Ethanolprice gained more than 40% in 4 weeks. HUGE.
(Nasdaq - Ethanol Futures zkz13 CBOT)
Longs might say those magic words looking at the Ethanol-Futures (Nasdaq - zkz13) - A truely parabolic graph in 2200 up from 1600 only 4 weeks ago.
Not a big improvement for PEIX ability to make money - a HUGE improvement
No they didnt lose a dime in Q3. They paid off huge lumb of debt. Thats why numbers turned negative at the bottom line in Q3. Only because thay paid off debt. Same with Q2.
Thats wrong. There is one:
4 weeks ago PEIX wás in this pps-level witc cornprices around 4.35 USD pr bushel. Today 4.16 USD and the Ethanolfutures (ZKZ13) 4 weeks ago: 1600. Today 2150.
Thats a huge improvement for PEIX abilty to make Money. HUGE
But pps is the same as 4 weeks ago
YOU have crushed ..???
no you havn't. NK has. He has his reasons. And pps will come back, reflecting the much improved marketconditions for ethanolproducers
They paid off 8,5 mio in debt:
Bryon McGregor, the company's CFO, stated: "During the third quarter, we made significant progress on our goal to strengthen our balance sheet. We retired nearly $1 million in senior debt and $7.5 million of our original $14 million in convertible notes. An additional $2.3 million under our convertible notes was converted subsequent to quarter end, leaving only $250,000 outstanding."
Take this out, and they made 3.2 mio USD in positive income. Not bad.
But they have to pay off even more debt, and to buy the remaining 15 %