PEIX - Pacific Ethanol - Page 10

Breakout Confirmed

Funny I used PEIX as an example for this thread:
http://www.hotstockmarket.com/forums...ad.php?t=43483

Tomorrow we will have confirmation, we should see a break out... maybe more news in the morning about plant operation. Looks really good.

Sold all PEIX shares between $17.80 and $17.60, reinvested profits into 3,400 shares of GTRE between $1.30 and $1.38.

Pacific Ethanol Acquires 42% Of Front Range Energy
October 18, 2006 9:27 AM ET

Pacific Ethanol Inc. (PEIX) said Wednesday it will buy a 42% stake in Front Range Energy, the owner of an ethanol plant in Windsor, Colo., for about $76 million in cash, stock and warrants.

The deal includes $30 million in cash and 2.08 million shares of stock with a market value of $36 million based on Pacific Ethanol's closing price Tuesday of $17.27 a share. The deal also includes a warrant to purchase up to 693,963 shares at an exercise price of $14.41 a share which could be worth about $10 million.

"This transaction is immediately accretive to earnings and accelerates our goal to be the leading ethanol producer in the western U.S.," the Fresno, Calif. company said. "Our acquisition of a stake in Front Range in effect adds approximately 20 million gallons to our annual operating production capacity."

Last: 16.85 Change: -0.43 Percentage: (-2.49%) Volume: 1,998,877

PEIX is breaking out and looking strong. Where do you guys see this going to? I'm guessing it goes up to $26 without too much problem, but that's mostly just guessing...

Just wondering Blooey, what makes you think it will get up that high? Isn't this run pretty much just because of the earnings report?

It's really more of a guess than anything else. lol
The chart shows resistance at $20, but I think this is a reversal and I think it will blow through that to the next resistance area - $25-$26.

I sure hope you are right. I see where that could happen. Let's just hope the uptrend continues and it's an actual reversal. I can see this stock breaking 20 by the end of this week. I'm taking a chance here, got in a while ago at 18.89. Planning to hold for a week or so. We shall see.

BIG GAP today 2.00 gap!!! News out!

I have been watching PEIX the whole day. It opens at 19.43 then I think some people taking profit and bunch of panic sellers makes the stock goes down the lowest at 18.2-18.3 range.

Since then PEIX been tanking up again as I'm writing the stock trying to break the 19 barrier again. I would agree there seems to be a quite resistance to hit 20. Lets see but I think once it goes back to 19 it will gradually climb up to break the stiff resistance at 20.

I would agree with Blooey as soon we break 20. It should be tanking nicely until 25.

Thats only my opinion. Let see what happens.

Watching this closely now. A close above $20 in the comming days would be huge.

20 day intraday snapshot

this is a short IMO that upper trendline could be a great entry point.

Hmmm I wasn't thinking that route I'm planning on buying.

Look at crude that flag projects to about $67 with inventory numbers tommorow being a good canidate for a catalyst.

Hello guys

I had a question on another Ethanol stock. Why would a MM be sitting on the bid of at 10.50 stock at $3.45 and on the ask , he's at 2,000.00!

Go look. He's at PDAE

Just want to bump this. As for your stock missionman maybe it has a very low float, and that MM does not have much / any. Unless your willing to buy for 100x its worth, or sell for 1/3.

Lots of shorts hanging around here. Any sign of breakout should send a few running

Settlement Date - Nov. 15, 2006

Short Interest - 5,236,383

Avg Daily Share Volume - 1,914,140

Days to Cover - 2.74

wow sorry I scared you away from that one