Pacific Ethanol has been screaming higher, likely in sympathy with the Verasun Energy [[VSE]] and U.S. Bioenergy [[USBE]] merger announcement. After the close today, the FTC waiting period was ended early.
As of December 11th, 20% of [[PEIX]] float was sold short.
Based on the chart pattern and the volume coming into this stock, I believe it goes higher. Should I take a position, I will look to exit near the declining 200 day moving average.
These stocks blow goat. Try again.
Fuck that.
PEIX goes higher.
That’s a nice looking uptrend.
Next stop: $11.
How about that GLD breakout!
Keep an eye on GOOG, very similar triangle.
Cheese, been loving my GLD!
Just a picture perfect breakout!