Monday, February 22, 2010

PEIX- Pacific Ethanol- Is this run-up phase 3?

PEIX- Pacific Ethanol- Is this the start of the run-up phase-3?
Something is cooking in this stock. Every run-up has 3-4 days of 100-200% appreciation so far.
Is the "two repeatitions" a statistically strong indication for the third to happen? We will see over next few days.
Game plan? Buy now with a stoploass at today's low price (Stoploss at $1.89) hoping for another spell of nice 2-3 days....

As always, do not dream big money without anchoring to the stoploss LOL. One thing is sure- there are no free lunches in financial markets and potential for exceptional profits require abnormal risks.