@gaucho PEIX looks good. Bounced very hard off that 3.80 support level which helps to validate that level as an important support level so a long position with a stop somewhat below 3.80, ideally on a daily close, certainly has potential for a long-term trade as the longer-term bullish case is still intact.
I do still have my concerns about a broad-based selloff that could bring most equities down with it or at least provide some headwinds on a PEIX long position. With that being said, the technical case to be long PEIX is there & with the proper stops to manage losses if it doesn’t pan out (as well as adjusting down one’s position size to account for the above average volatility in PEIX), a long here or on another dip back down to just above the 3.80 level seems objective.

pangblood- I am not licensed to provide anyone with any specific investment advice as I long ago left that business behind in order to focus on trading full time. I can share my thoughts on what I would or wouldn’t do, either in a real or hypothetical situation & I will say this. I think that a single position size of 25-30% (i.e.- 70-75% less than a typical position in something such as SPY) sounds appropriate for PEIX but to be very clear, not 30% of my entire portfolio. A low-priced, volatile stock like PEIX probably would be comprise no more than 3% of my trading account or any longer-term investment accounts that I own it in.