Pacific Ethanol - why the big drop? And what to expect

Crazy day indeed! It started down because of the struggling market in the morning and because oil and ethanol prices have dipped. Then they started picking off stops to create a panic sell. They succeeded. This is a definite overreaction and another reason to never put stops on PEIX. Margins are still great though. And it bounced nicely off its lows getting back about half of the morning losses. The next few days to a week could be volatile as it has to now get above the 20 day MA again. But in the long run, I'm not worried. And the 4 investor's conference they're doing next week will help.