Plastic2Oil Inc (PTOI)

[Imperial Whazoo]

What everybody needs to realize about the possibility of tax loss selling is that there is a wash rule out there that has a genuine impact.

As I see it, lets assume that some JBII shareholders wanted to lock in losses for tax reasons for the year. Well, if they do it too late and there is some news, then they have to make an uncomfortable decision about whether to buy back in and lose the loss that the wash rule affects.

My postulate is that selling to take a loss in a stock that is awaiting news in the near future will naturally diminish in the weeks to come because, the later selling occurs, the greater the risk that, between now and 30 days out, an event will happen that moves the chart up in a major way and the players who waited too long to take a loss will be faced with the decision mentioned above.

So my working postulate for JBII is that any tax loss selling has probably passed and that we will see positive news between now and the start of the year, or perhaps in the first week of 2013, meaning that it is far more likely that we will break in a major way out of the decending triange in that chart than that we will break out of it to the down side.

Thats how I see it, anyway.

Imperial Whazoo