PEIX Possible Buy (Bottom Fishing here)

Lagg-Alot said: "I am not %100 sure yet but PEIX may be at the Bottom (the very Bottom)."

tpppp08 said: "I cant see any resurgence in price activity for it anytime soon. If u wanna risk it, DONT. Not worth it.. there are 6,000+ others that are.."

kessj said: "Kind of a funny statement considering how beaten down this stock is ... If it falls $4 it's worthless, so of course we're at least "near" the bottom [url]http://www.profitquotes.com/commodities-quotes.mpl?a=detailed&ticker=peix[/url]"

rmelv said: "This is actually interesting because it is right by support. If you put in a stop at 4.20 it could be a nice trade."

Lagg-Alot said: "[QUOTE=rmelv;67067]This is actually interesting because it is right by support. If you put in a stop at 4.20 it could be a nice trade.[/QUOTE] Yes that is right. It is at support, but what is even more important if you look closely. It did not make a NEW LOW! That is how UPTRENDS are started. 1st a LOW followed by a HIGHER LOW and walla :signs053:"

ratAphooey said: "Bottoms are tough to catch."

kessj said: "Yea, my hands are all cut up from the knives i've been trying to catch these last few months ..."

Lagg-Alot said: "PEIX has made a new LOW which signals another leg lower is in the cards. It is on my list of Stocks that are or will be Bottoming soon :signs053:"

ratAphooey said: "[QUOTE=Lagg-Alot;67127]PEIX has made a new LOW which signals another leg lower is in the cards. It is on my list of Stocks that are or will be Bottoming soon :signs053:[/QUOTE] So what is your entry point?"

Harry said: "Ethanol is really a dead dog in regards to true future prospects and people are slowly but surely picking up on that. I'd rather invest in wind, solar, biofuel, or algae...methods of energy that don't vastly consume resources, generate their own pollution, and vastly consume other commodities thus creating food inflation. We would have to cut down and process all of our nations corn just to power 15% of our automobiles. And lets face it, mowing down that much corn so aggressively is akin to cutting down rain forests."

Lagg-Alot said: "[QUOTE=ratAphooey;67139]So what is your entry point?[/QUOTE] Don't have an entry point till I see a higher low."

vincentcolignon said: "I wouldn't risk it... If you check the "On Balance Volume" indicator...it shows that nobody is accumulating this value...So i wouldn't bet on it's rise..."

AlfredSokol said: "I tend to agree. Without accumulation and some volume it can be scary."

l3ear9 said: "The stock looks like its still in a downtrend, I will keep tracking it though, at some point the buyers may come through and make that V pattern that we need."

Lagg-Alot said: "[B][SIZE="4"] PEIX has made a very strong RALLY on very high Volume 4/24/08 - 4/25/08 The SELL OFF FAILED to make a new low. That is 101 basic when it is safe to BUY a Bottom DON'T FORGET TO PUT THE STOP @ $3.08 JUST IN CASE :)[/SIZE][/B]"

Cryogenix said: "Currently: 3.24 (high) I don't see anything on the 1/3/5 year charts, or the short-term charts that show any good patterns for an impending climb. In my view, this market's getting ready to belch big next Monday. As for this stock, I posted it in the penny forum a while back, saying it might bounce around 3.40, but given recent events, I'm more inclined to think it's not a safe play until around 2.25-2.50. Today's rally will probably be met by a big drop next session. I mean, a forward P/E of -8.10??? Not with my money."

Lagg-Alot said: "That is all I ever get from this web site is Head Butting. Try to help some newbies make some dough here. Because when I was new someone at this site helped me once and I have learned to stand on my own. I bought PEIX @ $3.15 TODAY and I have a STOP @ $3.08 (ONE penny below the 52 week low). Like I stated above, that is 7 cents of risk and someone finds someway to contradict my call. That is OK because I am UP %3 on PEIX as of right now and moving my STOP LOSS up a notch :) Am am not posting these calls (also my AMD call) to con anyone. I am up on both the Trades. But I have to remember why I am posting here. It is to help a Newbie learn how to make some money."

Cryogenix said: "Last: 3.22 You're trading recklessly (and advising recklessly) by saying "that is 101 basic when it is safe to BUY a Bottom" because that's only looking at one thing, and a "failed sell off" doesn't mean anything. If there are other factors in your trading decision, then you should make them known. I trade primarily off of chart patterns (and a "feeling" of the real-time trading - just check my BRLC thread), which, overall, have served me well nearly 75% of the time, but I also look at the financials, sector, P/E, target prices, news, etc, before I even consider buying a single share - but I do place a lot of weight on chart patterns, since they (not the direction of the market) will tell you when it's going up and when it's going down. I'm stating my opinion, not butting heads with you. I think it's a dangerous play, and I try to avoid dangerous plays (even if it means missing out on a dollar climb) until I see patterns that look reasonably safe and that won't simply have the bottom drop out. At the moment, PEIX has no safety net (no true good bottom), bad market conditions, bad financials, high-priced resources that are going to go even higher, etc. It may jump to $4 next session and that's great, but I always look for the safest play possible, and this isn't one of them. As for a stop loss, that means nothing if the stock loses in PM or AH. It could drop to 2.80 in PM next session and keep dropping, but your stop won't have saved you. After the close. They're delaying reporting earnings. This usually has a tremendous negative impact on the stock in succeeeding sessions. I bet it gained today during this highly red session to give traders hope, knowing the bad news released later would then send it spiraling downward next week, trapping more traders. [url]http://sacramento.bizjournals.com/sacramento/stories/2008/05/05/daily69.html?ana=yfcpc[/url] I really hope it works out for you."

Cryogenix said: "I changed my mind. I think it's a good play from 1.75. At least over the weekend they decided on an earnings date."

Cryogenix said: "Last: 3.25 Well, it held together this session, despite a lot of bailing. The chart's looking even better for a drop. Forward P/E changed from -8.10 to -8.80. Dangerous play..."

Lagg-Alot said: "How do you consider a $0.07 STOP LOSS as BEING RECKLESS? It can be labeled a possible Double Bottom Pattern and I BUY as close to the 2nd bottom as possible. If it fails I lose $0.07 Cents. IF that is reckless what do you consider safe? What do you use, a 1 penny stop loss? I bought at $3.15, my STOP is at $3.08. NOTE: You said that if earnings are bad the stock could Gap Down big. Look at the CHART there has been nothing but DOWN for the longest time. How many LONG are there to get a BAD SURPRISE? If there is a Gap it would be UP or No GAP. BAD EARNINGS have been priced in for a long time now. I am not saying I am Right you are wrong, But A RECKLESS Trade it is not."

Cryogenix said: "[QUOTE=Lagg-Alot;68576]How do you consider a $0.07 STOP LOSS as BEING RECKLESS? It can be labeled a possible Double Bottom Pattern and I BUY as close to the 2nd bottom as possible. If it fails I lose $0.07 Cents. IF that is reckless what do you consider safe? What do you use, a 1 penny stop loss? [/QUOTE] Currently: 3.14 (low) I said your idea that this is a "safe" bottom because of history (when the chart has zero structure) is reckless, IMO. I try to wait until it has some patterns before choosing to enter, which, to me, is safer than guessing at a bottom off of one tiny half a V. You lucked out here. It's good that you have a stop loss in place. I never use them. From what I understand, if your stock loses in AH or PM, your stop won't trigger and the price will simply fall beneath it, taking you out of the money. Stops are good for in-session play."

Cryogenix said: "Last: 3.22 It's still hanging in there, but the chart doesn't look so hot from where I'm sitting."

Cryogenix said: "Last: 3.20 Tomorrow will be interesting as they report earnings before the market opens. I think all the positive pumping of ethanol over the past two weeks, combined with a chart that, at first glance, appears to be poised for a climb, signals a big drop is coming. However, given the current pattern, I can't see this dropping into oblivion tomorrow. It could just linger for a bit. Although it has been looking and acting very much like DPDW lately, before it had the big drop."

Cryogenix said: "Currently: 4.29 (high 4.50) I'm just far too pessimistic lately. Hope you held on, Lagg. Nice play."

Lagg-Alot said: "[B][SIZE="4"][COLOR="Blue"]LOL I am up %46 on PEIX. All you guys think you know the ONLY way to trade. You never know when somebody is going to teach you a new trick. And I have tried to teach you guys a new way of knowing how to pick a bottom. Maybe next time you will listen.[/COLOR][/SIZE][/B]"

Cryogenix said: "[QUOTE=Lagg-Alot;68857][B][SIZE="4"][COLOR="Blue"]LOL I am up %46 on PEIX. All you guys think you know the ONLY way to trade. You never know when somebody is going to teach you a new trick. And I have tried to teach you guys a new way of knowing how to pick a bottom. Maybe next time you will listen.[/COLOR][/SIZE][/B][/QUOTE] You didn't teach anybody anything new, you merely gambled off a classic event (which is 50/50 at best) and got lucky, plain and simple. One successful trade doesn't mean anything. Start producing others that aren't based on luck, and I might even consider trading them. Fool... :lamer:"

Lagg-Alot said: "[QUOTE=Cryogenix;68858]You didn't teach anybody anything new, you merely gambled off a classic event (which is 50/50 at best) and got lucky, plain and simple. One successful trade doesn't mean anything. Start producing others that aren't based on luck, and I might even consider trading them. Fool... :lamer:[/QUOTE] You are an idiot! I just guessed on my AMD call to. I must be just Lucky. Hey Cryo aren't you the guy who talks to himself in all those threads :lala:"

Lagg-Alot said: "Don't be a fool PEIX is on a ROCKET RIDE HIGHER. Get ON BOARD while you still can. Think about it for a moment. With GAS over $4 a gallon in the United States, ANY (and I do mean ANY) alternative fuel is going to be a good investment. America cannot afford $4 + Gas and the recession will NOT END intill we get an alternative to GAS. Period, end of discussion. You can say whatever you want about my stock picks. I Bought at $3.15 with a 7 cent STOP LOSS. I am up over %100. I don't know why you guys don't believe me when I post a stock as a BUY."

Cryogenix said: "[QUOTE=Lagg-Alot;68914]Don't be a fool PEIX is on a ROCKET RIDE HIGHER. Get ON BOARD while you still can. I don't know why you guys don't believe me when I post a stock as a BUY.[/QUOTE] It's probably because they don't want to rely on luck to make money. I know I don't. I'd rather miss a profit than gamble on luck to prosper."

Lagg-Alot said: "[QUOTE=Lagg-Alot;68311][B][SIZE="4"] PEIX has made a very strong RALLY on very high Volume 4/24/08 - 4/25/08 The SELL OFF FAILED to make a new low. That is 101 basic when it is safe to BUY a Bottom DON'T FORGET TO PUT THE STOP @ $3.08 JUST IN CASE :)[/SIZE][/B][/QUOTE] OBVIOUSLY Cyro this is to advanced for you to understand. I want to help you to become a more profitable Trader/Investor. Should we start with Support and Ressitance? Then we move up to Moving Averages? Go study any chart you want. Look for a major bottom. What happens at Long Term Bottoms? 1) Rally off the LOW on increased Volume. 2) SELL OFF to retest the LOW 3) NOW this is important. If the first LOW is not broken you GET IN with a STOP as close to the first LOW as possible. 4) If it does make another LOW, OPPS you were wrong GET OUT with a very SMALL LOSS :) 5) If the first LOW HOLDS the next RALLY will be a the start of a new LONG TERM TREND. Besides the COMMON SENSE factor that with OIL at $127 + a barrel any alternative energy source will be a play. If Ethanol is successful or not it will rally because use of alternative fuels will increase until the successor to OIL is discovered. Again, GO STUDY any chart you like and see if what I just said is true. I have shown you a way to Identify a possible Bottom. As well as told you a way to TRADE it without risking a lot of money. For your sake, don't try to prove to yourself or anyone else here that you are the superior investor. I have just told you something new and it works. Time and time again. But if you want to think that you know it all . Then go right ahead, but stop Spamming MY THREAD so your name is always the LAST name showing. And let someone who WANTS to learn something NEW and possibly BETTER ways to Trade and make money. %112 gain since I recommended PEIX as a possible BOTTOM. If It turnned out that I was wrong and it did make another LOW, again my risk was $0.07. You keep insisting that I was only LUCKY or my way was WRONG and NOT a good way to Trade. You said it was RECKLESS. Because you don't want to admit that there are other ways to trade then the way you KNOW. If you don't like it than stop SPAMMING my thread, and go back to TALKING TO YOURSELF on all those SILLY HEAD AND SHOULDERS and/or CUP N HANDLES. Now that is Amature trading, my kid brother knows Head and Shoulders LOL. Step up the the plate man this is major league."

Cryogenix said: "I've seen you post ONE successful trade here to my hundreds. You were lucky, nothing more. Start posting other stocks with predictions of price movements, etc, and show you have something to offer besides catching a lucky bottom. Again, great trade and I'm glad you're raping Wall Street. However, I don't rely on luck when I get into a positon, unlike you."

Lagg-Alot said: "[QUOTE=Cryogenix;68921]I've seen you post ONE successful trade here to my hundreds. You were lucky, nothing more. Start posting other stocks with predictions of price movements, etc, and show you have something to offer besides catching a lucky bottom. Again, great trade and I'm glad you're raping Wall Street. However, I don't rely on luck when I get into a positon, unlike you.[/QUOTE] Lets see [URL="http://www.superiorinvestor.net/showthread.php?t=7434"]http://www.superiorinvestor.net/showthread.php?t=7434[/URL] so I am 2 for 2 so far. And Cyro when was the last time one of your picks increased over %100? LOL"

Lagg-Alot said: "[QUOTE=Cryogenix;68921]I've seen you post ONE successful trade here to my hundreds. You were lucky, nothing more. Start posting other stocks with predictions of price movements, etc, and show you have something to offer besides catching a lucky bottom. Again, great trade and I'm glad you're raping Wall Street. However, I don't rely on luck when I get into a positon, unlike you.[/QUOTE] LOL are really are an Egotistical ASS. Who Talks to himself in most of his threads :signs047:"

Cryogenix said: "[QUOTE=Lagg-Alot;68929]Lets see [URL="http://www.superiorinvestor.net/showthread.php?t=7434"]http://www.superiorinvestor.net/showthread.php?t=7434[/URL] so I am 2 for 2 so far. And Cyro when was the last time one of your picks increased over %100? LOL[/QUOTE] Since you asked, just a small handful this year I called near-perfect pivots on... AGGI - .06 to .30 SKNY - .07 to .45. SWCC - .40 to 1.05 KIRK - .70 to 2.50 HENC - .04 to .38 None were based on luck... :signs047:"

Lagg-Alot said: "[QUOTE=Lagg-Alot;68930]Who Talks to himself in most of his threads :signs047:[/QUOTE] :signs047:"

Cryogenix said: "[QUOTE=Lagg-Alot;69001]:signs047:[/QUOTE] You're just too imbecilic to "get" my format... :signs047:"

Cryogenix said: "Last: 3.16 Like I said, you were lucky...nothing more. This should've kept declining, but it was a trap to get more traders' money before it continued down. A sharp, steady, quick decline from 5.65 to 3.16 that left in its wake a "fuck you" pattern. Glad you made some money, but you really shouldn't have. This was one of the most obviously dangerous plays (except for DPDW at 2.00) that I've ever seen. I'm a gambler, but I won't play Russian Roullette knowing there are 6 shots in the cylinder. True, I don't understand your method. Youn made money and that's all that matters in the end. We've all had stocks nose-dive after buying it. It's a day/swing trade. This trade of yours just seemed like 80% risk. That's too high for me."

Cryogenix said: "Previous: 2.95 Currently: 2.80 (low) Sinking fast with no historic support levels around this range from here out."

Cryogenix said: "Previous: 2.78 Currently: 2.26 (low 2.235) News this morning... [i]Department of Agriculture said the corn harvest will be low and the presumptive Republican presidential nominee called again for an end to ethanol subsidies.[/i]"

Cryogenix said: "Last: 2.03 There might be a great play at 1.50, before it drops to .45. The chart's going to need another Death Spike in the next two months."

Cryogenix said: "Last: 1.58 (high 1.81, low 1.58 - VOL 2,441,425) Crop flooding is helping the decline, and this may (a BIG may) have a final big climb around 1.50. Have to see how the chart shapes up. Some lateral movement would be nice..."

Cryogenix said: "Previous: 1.54 Currently: 1.69 A small rebound from a grazing of 1.50. The chart looks promising for a climb to 2.00-2.50. However, I'd prefer to see another pullback and touch at 1.50 to validate support. Chances are, it won't be that obvious. I'd say the odds of a climb from around this point to at least 2.00 are around 75%."

Cryogenix said: "Currently: 1.82 (high 1.83) Volume increased 50% and buy sizes are getting bigger. Some small dumps, but the action is primarily positive."

Cryogenix said: "Last: 1.60 (high 1.95, low 1.51 - VOL 4,001,097) Nice action and volume, but a lackluster gain. Pattern is still dicey and looks like it could sweep up to close 2.00 in the next 4-5 sessions."

Cryogenix said: "Previous: 1.89 Currently: 2.17 (high 2.22) This may have a bit more steam left today, but I'm out for good because I believe this is about to start a long decline to 1.00 or lower."

Cryogenix said: "Previous: 2.13 Currently: 1.88 The chart looks about 95% complete, and I think it should start a new pattern in a few sessions. While it's possible this will regroup around 1.50 again, I think the lackluster climb this time around speaks volumes about where this is headed - down - so I doubt there'll be another play there."