Plastic2Oil Inc (PTOI)

[tykundegex]

I agree with bueno... risk-takers like those who are in now won't move this stock much higher. Institutional investors would though (and it seems there are some lurking), or tangible news.

However, it's true... investors move the market, not the economy -- it's true today where the Dow topped 10k again but the economy is still in a dire situation. It's all based on "forward" looking perspective (forward P/E). But this is not General Electric giving guidance on 2010 earnings, it's JBI with no track record and .. no guidance (yet). So there is no official FPE yet!

I doubt JBI will see a PE of anything like 30 or 60. I'm sticking to 10 as a forward P/E, and given some already-posted rough earnings estimates from P2O, that puts the stock at $10.

Most on this board agree though.. that's conservative! And that's good news.

S.