promising short oppurtunity

[Gwhiz]

http://stockcharts.com/h-sc/ui?s=PEIX&p=D&yr=1&mn=0&dy=0&id=0

A fallen angel now that the ethanol bubble has popped.
Peix is a very volatile stock.
Just below long term resistance zone around 20.
50 day MA jsut crossed below 200 day MA.
RSI is 48.63
Target is just below $15 for a nice gain.


I dont know much about TA and nothing baout short selling but to me looks like a promising oppurtunity.

[Lyehopper]

Some energy stocks go up.... and some go down....

Well.... I think PEIX and ENER are about to rally.... I would not short them right here and I'm thinking about buying ENER.

On the other hand I think VLO and FTO are about to retrace so I've been shorting them.... Time will tell if I'm right.