PEIX ==> thoughts?

[dmk112]

Spike, can you do a EW analsis on this?

[dmk112]

in at 30.8.......still happy with it? Do you think there is a chance it will hit the 50$ by early next week?

At this point it's a momo and no one really knows what it would do but at this rate $50 is definetly feasible, but then again it can really drop hard if the momo's jump off the train... Take a look at ERS..nearly cut in half in 3 days.

[New-born baby]

in at 30.8.......still happy with it? Do you think there is a chance it will hit the 50$ by early next week?

Sis,

Put a stop under this one because she is going to dump sooner or later. $50? Doubt it.
Could it?
Should it?
Yeah, Mildred, but . . . it has to retreat sooner or later. It will retreat before options expiration, imo.

[TFred]

in at 30.8.......still happy with it? Do you think there is a chance it will hit the 50$ by early next week?

Greetings Dena,

This is what I came up with,Im sure Spike,NB,or DMK could fix it,but its a start to work with.



Im no count expert,so it likely needs work on that,but channel wise it looks like 50s are coming soon.Without knowing you quantity,possibly selling a portion is an alternative.Or a synthetic covered call if your cautious.$30 puts are selling for .10 .

With a sweet entry you have,and the strength of this chart,logic would say add to your position at any support.I never thought HANS would be $200,considering it was $17 2 years and 2 splits ago.

So to sum it up I think $50 will be here before summer,and you'll be sitting on a 2 bagger by summers end.Hope it treats you well,I'd like to be in your shoes with this one.

cordially Tom

[daskro]

The higher this goes up, the more I think NBB is right, this has to come down and come down hard.

[TFred]

The higher this goes up, the more I think NBB is right, this has to come down and come down hard.

Greetings,

It looks strong to me,and options look good too.NBB how do you feel about buying here at $44,and selling Mays $45 for $2?

Call away nets you 6% in 5 days,not bad.

cordially Tom

[mrmarket]

I think PEIX is analogous to K-Tel of the internet boom. It's one of the few publicly traded ethanol related stocks with no real business yet..just a plan.

This was just a frenzy trade for me. I have no real gauge on whether or not this company will eventually be any good. So I'll concentrate on ADM for now.

[New-born baby]

Not for me

Greetings,

It looks strong to me,and options look good too.NBB how do you feel about buying here at $44,and selling Mays $45 for $2?

Call away nets you 6% in 5 days,not bad.

cordially Tom

Too risky for me, Tom. This thing needs a pullback so bad that I am taking my chips off the table today. Might reenter later . . . .

Tom, if I were set to enter here I'd buy the stock and sell the MAY $40 calls for $5.20. Yup, that's only about $100 profit per contract, but it gives you insurance against a much needed pullback.

[TFred]

Greetings,

I bought it at 44 and sold the May 45s for 2.25,,I think i may be sorry,I see $46 in the charts for today.

cordially Tom

[sisterwin2]

I had to rush home from work and reset my stops... Not going to catch me with my pants down again. MM, I am also in ADM and MGPI. I know that I am overweight in this field but have those stops in place and will raise them as the low of the day tells me too. GOOD LUCK TOO ALL>

[sisterwin2]

trigger went off with PEIX... sold this after noon at 42$, I just have not been able to figure out the norm flux of the day. I am happy with 11.2 bucks per share.

[New-born baby]

Don't worry, be. . . .

trigger went off with PEIX... sold this after noon at 42$, I just have not been able to figure out the norm flux of the day. I am happy with 11.2 bucks per share.

Sis,
BE REAL HAPPY with $11.20 per share.
The only other play was to sell the option, and I don't think you are that far in your trading strategy.

That topping tail today, mixed with a gap up, would strongly suggest to me that tomorrow we finally get the $2 pullback I have been waiting for. I pulled my marbles off the table, too.

I don't know what she's going to do, but this one has both feet firmly in the Twilight Zone, and a good stop is the only way to play it.

[sisterwin2]

Sis,
BE REAL HAPPY with $11.20 per share.
The only other play was to sell the option, and I don't think you are that far in your trading strategy.

That topping tail today, mixed with a gap up, would strongly suggest to me that tomorrow we finally get the $2 pullback I have been waiting for. I pulled my marbles off the table, too.

I don't know what she's going to do, but this one has both feet firmly in the Twilight Zone, and a good stop is the only way to play it.

TY NBB.... I am happy with it, really. I dont know why but when a stop sets off I always feel like I went out too quick. Looking at the chart I see a "doji", I think that means a change is about to come, right?

[dmk112]

Sold 1/4 today @43 and 1/4 at 44. Will probably pullback soon. Good time to buy back

[spikefader]

Hiya folks. Nice chart Tom! Your count is just as I would have done it. Looking at the monthly chart it's clearly in a 3 up. Aren't impulses fantastic!?

I'm expecting the 4 down soon. But I don't think it's topped yet. Intraday pattern is an hourly tweezer up top....but I would prefer a head and shoulders on a 5 min chart. Today on the shorter time frame charts it was more a failed ascending triangle. After hours it's trading up, so there's still some interest there...... I'll stalk this tomorrow and post if I see anything noteworthy.