First the WCG idea didn’t result in a merger Monday anouncement; but at least it is flat from Friday if you decide to move on.Today we observe that PEIX and many of the other ethanol stocks are up big.in the case of PEIX about 40% since Fri[close$3.24 high so far $4.88].Now normally it minght be to late.But these stocks have both a low price and a catalyst to make them continue unlike say a SIRI.First Peix was as high as $40/share in recent times.The short interest is huge.20-30% of all available shares are short.Almost all anlyists have sell ratings on these stocks.So why is Peix up?.They beat the earnings estimates.This may be a momentary “dead cat bounce”or it may go on for days or weeks…as the shorts are forced to cover there short positions..fueling a move in the stocks2008-05-19

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