CCInvesting

Quick Tip - Stocks that gap up

Long
NASDAQ:PEIX   None
We've been waiting for $PEIX to breakout for a while now. Been patient. Now, it has gapped up two days in a row. Stocks that gap up, tend to gap up again in a short period of time, and have big runs. I don't have a price target because this may go on for a while. But we will also keep an eye when it reverses, as it will want to fill those gaps. This is when a trailing stop comes in useful.

Comments

#EH1! Ethanol futures, outgoing EPA counsel may extend a 2019 tax waiver on biofuel blending, which is not PEIX most profitable use, while the Renewable Fuels Association says they will challange the 32 waivers likely to be approved. PEIX earnings turning timely profitable was a boon for them and 3rd facility coming up to volume capacity. Not much in bioethanol, except Ametis (AMTX), but PEIX more profitable play. You've herd it here, cows don't always get the corn. @Pokethebear wish i'd bought more at sub $0.27 in May, but who's mooing now.
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