PEIX Warning

PEIX is up nearly 55% for us now, be advised, although the charts look good, they report after the bell and earnings are always a wild card.

Personally I favor taking a good chunk of profits off the table, trailing a stop and definitely keeping an eye on how it is trading near the close. I would prefer to have all of my original risk money out of the stock before earnings and maybe then some. While PEIX has shown us it can run 400+%, a 55% gain is nothing to sneeze at either. We want to control as much of the trade as possible and earnings are simply one of those things we can't control, we can make best guesses, but they are the real wild card.

I'll keep an eye on PEIX as the day develops