PEIX Flying.
Don’t run out and buy! Not saying the stock is bad, just breathe. This ethanol stock was well in the 20′s a few years back and has been dead lately. Recently this formed a nice slow steady bottom. Traders bought in here, looking for value. They got it, went from as low as .25 but was hanging around .45. Had huge volume bar today getting up into 2.30 for a bit. This may continue to run, I just want to ensure no none thinks this is a pick. It will be in a great trading range the next few days with all the volume and should be great to flip for dimes and quarters.
I’m just figuring out this blog where we will find nice boring stocks on their bottoms as well as runners. Hoping to be able to post charts and draw all over them, creating something interesting and educating for everyone and hopefully be right!
