During the course of the past 2 weeks, while markets were getting mauled, PEIX didn't flinch. The stock has shown incredible technical strength and could be setting-up to explode higher. Load-up on PEIX. Those who missed my call on the Euro can score with this stock.
This post is more than 60 days old. Replying to it might be confusing for other members reading the discussion.
By all means, keep the ball rolling and post a new opinion.
- Advertisement -
3 Comments
Top 1%
VicthebrickV
Feb 01 at 9:50AM (EST)
what do they have/do that is so great?
Top 2%
tradermav
Feb 01 at 10:15AM (EST)
Pacific Ethanol (PEIX) produces and sells ethanol and its co-products in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho, and Washington. It also provides transportation, storage, and delivery of ethanol through third-party service providers. The company's co-products include wet distillers grains. It sells ethanol to gasoline refining and distribution companies, and wet distillers grains to dairy operators and animal feed distributors.
This is a play on alternative energy. Ethanol is an alternative to petrol for fueling cars, trucks, etc. The current energy crisis is forcing the world to develop alternative sources or energy to replace fossil fuels (crude oil). One of those alternatives, which is gaining traction is ethanol.
Top 1%
VicthebrickV
Feb 01 at 10:20AM (EST)
Hey Mav:
Interesting....Are you looking at any natgas plays?