Sunday, February 05, 2006

Pacific Ethanol

A bull pennant forming in PEIX, a California based ethanol producer. The event driving the flag's development was Bush's comments in the State of the Union address seeking regarding ethanol fuels.

A review of SEC documents reveals what appears to be a highly speculative play; future growth of this company seems to rely on a complicated plan involving debt and equity capital to build ethanol plants. I generally don't trade in companies with no earnings (a hold back to my tech bubble crash experiences). But an interesting case of Technical Analysis, which signals a buy here, and Fundamental, which signals extreme caution. The one bright spot is the progressively higher lows seen despite a soft trading week.


At 1:56 AM, Anonymous trader said...

An interesting read...


At 2:58 AM, Anonymous Rick J said...

I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
the indexes easily.

Take a look at Wallstreetwinnersonline.com



Post a Comment

<< Home