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.

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What is wrong with my trading? The other me who keeps screaming inside me that the market is too risky. It is about to crash!!! It is actually killing me instead.

This all started in 2020. Two of my accounts were reaching 7 digits and I wanted to go all cash once they crossed that benchmark but I was 3...