PEIX found support and bounced off it’s recent lows today, which will likely be it’s final support level before the remaining miserable longs abandon ship.  this trade could provide a second entry or objective add-on level for those already short if today’s lows are taken out but if you haven’t read the original post on this trade, i urge you to do so as this is a potentially high-risk, high-return trade and your position size should be adjusted accordingly.  charts in reverse order with most recent first.