PEIX

[fill_the_gap]

http://www.forbes.com/facesinthenews/2005/11/17/gates-energy-ethanol-cx_po_1117autofacescan06.html?partner=yahootix

[ehos]

But then agian, he's had 3000 shares of Costco for how long?

[calven]

long term picture - it looks outstanding!

Ascending triangle testing breakout levels. Look at the equivolume bars on the chart also. Very nice find with this one. Should move higher as oil hovers near $70 - You definately have my blessings with this trade.

Happy Trading,

Cal

[calven]

Up almost 1.00 already! Woohoo!

[Lucas Scott]

Saw PEIX mentioned in Fortune magazine as the only pure-play pubicly traded ethanol stock. I am surprised to see the stock is still in a nice trading range and not up a gazillion percent like so many stocks are by the time they get mentioned in a periodical. Love the volume profile of the last 3 months, and love what they do and Bill Gates' investment in them. I think PEIX could be a $20 stock in 2006 and I'm looking to buy tomorrow. Seems like a good candidate for the 3SoF buy and hold porfolio as well. 

[calven]

Im already in .... up 10% now. When the ascending triangle breaks this is going to fly!

[Lucas Scott]

I had to chase it this morning when it gapped up, but I got my shares and they're up 10%+ now. Ascending triangle breakout is complete.

Calven, let's raise a glass of ethanol and toast to our good fortune!!

[calven]

This is going to really run now! Its on everyones radar screen...and once oil works its way back up who knows....

Up 25%+ now...


PEIX ON FIRE! 

[Lucas Scott]

I said PEIX could be a $20 stock this year. What I meant to say was PEIX could be a $20 stock this week  GO PEIX!!!!!!

[calven]

Calven, let's raise a glass of ethanol and toast to our good fortune!!

This is going to be a doucle bagger IMO

[Melf Elf]

calven and Luke,

Nice going on this one!  Applauds.

[snowcat]

Pacific Ethanol Stock Up Ahead of Speech
Tuesday January 31, 1:42 pm ET 
Pacific Ethanol Shares Rise to New 52-Week High Ahead of State of the Union Address


NEW YORK (AP) -- Shares of Pacific Ethanol Inc. surged to a new 52-week high on Tuesday, ahead of President Bush's State of the Union address, which is expected to include a statement of support for greater use of ethanol.

In midday trading on the Nasdaq, shares of the Fresno, Calif. company jumped $3.14, or 24 percent, to $17.78, after earlier hitting a new 52-week high of $18.14. Shares were trading at more than eight times their average volume.

Over the past year, shares previously traded between $7.06 per share and $14.90 per share.

In his speech to Congress, Bush is expected to talk about alternative energy sources and tout his administration's work in that field for the past five years. He's also expected push for new technologies and more fuel from cleaner sources such as ethanol and hydrogen.

Ethanol is a fuel additive made from fermented corn that allows cars to run more cleanly.

In a note to clients, analyst Paul J. Resnik of JM Dutton Associates cited the expected mention of ethanol in Bush's speech, along with increasing interest from American automakers and the news media as a catalyst for the stock, which added $2.41, or 20 percent, in Monday's session.

Resnik also pointed to the lower-than-projected cost of corn, the primary input cost for ethanol, and continued progress of the construction of Pacific Ethanol's plant in Madera, Calif., which is expected to be operational in the fourth quarter.

Separately, the company said it received commitment letters for up to $34 million in debt financing for the construction of the plant.

[snowcat]

Who will supply the corn for this ethanol project?

Why the largest grower of corn in the world is ADM.

http://finance.yahoo.com/q/bc?s=ADM

Great chart and a lot less volatile than an energy stock.  And if the Ethanol idea does not fly, there is always popcorn, corn flakes, corn dogs, corn-on the cob.................

[calven]

+30% today

+58% total!!!


PEIX is on fire!

[Kublakhan]

Looks like tomorrow is going to be another great day for this stock.  Pres. Bush mentioned ethanol at least a couple of times during his state of the union address tonight.