Plastic2Oil Inc (PTOI)

[loanranger]

"The PPS barely moved and then went down after Heddle made these filings and PR saying a sale of 6 processors."

Absolutely true and there's more:
In round numbers shares went from 9¢ to 12¢ on the news. Three days later they were back at 8¢ and they have NEVER seen 12¢ again.
When the termination of the agreement was announced a year later the shares closed at 3¢ on very little volume.
Everyone with an ounce of reason had already walked away.


The lesson? Traders need to be VERY nimble in the unlikely event that the company fires off another "Plastic2Oil Announces New Contracts for the Sale of Proprietary Plastic2Oil Processors and License of Plastic2Oil Technology" press release as they did in January of 2015.

The fact is...those who like charts can see this clearly...this company and its share price took sick in 2011 and slipped into a coma in 2013. At this point it barely has a pulse.