Jim Cramer Blog

With the market being so volatile, you should look at stocks that move quite frequently. You may be able to turn a profit if you pick up a position in Pacific Ethanol (PEIX) while it is close to its recent low of around 25.57. At the closing of the market on Monday, it was down $1.23 at $26.78. Create a position of around 300 shares and as the stock rises sell about 50 shares. As it falls, buy some more shares back. The key ingredient with this stock is that it fluctuates usually around a point or more each day. For example, May 22 it closed at 25.57 and on May 23 it closed at 29.89. Capitalize on this recent correction.