PEIX, since the trade idea is up over 31% and 27+% on the day and looks to be putting in a strong close.
IF it closes at the top of its range like it looks right now, then there's a very good chance of follow through next week. It's also rallying hard on a mixed market, another sign of strength. I still stick to my rule of taking at least partial profits on a double digit percent gain in a day, but I like the chances for PEIX to put in another nice run.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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