Replies to post #116848 on Plastic2Oil Inc (PTOI)

[waikikian]

Sorry, not a chartist, maybe someone else can chime in on that one.

[Traderfan]

Oh absolutely. Like it's always the case with these nice little pink sheet story stocks. Someone is taking the stock down to get cheap shares.... lol


is someone just walking this price down to shake the weak so the can buy at a better price?

[XenaLives]

It's still a part of the obligatory filling of the gap ritual.

Check out the top of the candle the day before the last gap up on 5/6. Look familiar?

You have to remember, MM's don't have to buy and sell real shares to create these walkdowns. They can sell counterfeit shares to shake out the weak hands because they have 13 days to cover before they have to report the sale.

They will buy back and this puppy will go higher, probably sooner rather than later. MM's will make money of of the people that got scared. Long term holders have nothing to fear.