PEIX - What's happening with Pacific Ethanol stock today

Disclaimer - As always, this is just my opinion on a stock.

Likely what is happening today is we are seeing the traders who were planning on dumping at $16 getting scared. These are the retail investors who don't understand that in a couple of weeks this stock is likely to have the single biggest stock jump it's seen this year.

As trading opened today, I think many of the people hoping to sell and get out at $16 saw the stock started tumbling (for no good reason btw) and decided they better take what they could get before it dropped to nothing.

What they don't realize are all the positives working towards a $30 stock price and are going purely on charts and not company data.

Here's a short list of some items to keep in mind:

1. Q2 Earnings report comes out at the end of July. Unlike the prior earnings report that appeared to be a loss due to a "non-cash" adjustment of outstanding warrants, this earnings report will not show that (fake) loss that scared so many away.
2. Madera plant has now been open and in full swing for the WHOLE quarter. 
3. Corn prices continue to be favorable.
4. Pacific Ethanol continues to pay down and refinance other debt into better terms, saving millions in interest. 
5. Based on other indicators like PE Ratio, etc, this stock price belongs in the $30 range and is very undervalued.
6. PEIX was added to many of the Russell indexes. This means any fund that uses those Russell indexes will require owning a percentage of this in their portfolio.
7. Institutional investors continue to gobble up more and more market share of Pacific Ethanol.

There are absolutely zero reasons why this stock would go down right now, so days like today tell me one of two things:

1. I don't know something I should know.

2. Or, people don't know some things they should know (listed above).

Hopefully this will help clear some of that up.