Replies to post #144941 on Plastic2Oil Inc (PTOI)

[the big guy]

what about the possibility that the market for the stock is being manipulated by a few experienced traders with modest amounts of cash that are able to successfully manipulate the stock price on low volume?

This stock does not move with the market in any way. I am not sue what drives it, my best guess would be message boards, as incedible as that may seem. But, one would have to think there are other forces at work, because there simply has been no reason other than irrational exuberance for these stong upward moves.

Note the downward "crashes" on fairly low volume as well.

[BRIG_88]

It's a penny stock that moves on air both up and down....nothing new here...just sayin'

[loanranger]

The pattern from April forward actually is similar to pump and dump patterns that I've seen many times before, although I'm sure that's just a coincidence. Note that the chart shows RELATIVELY high volume going into the date of the permit issuance, at which point the share price begins its downward trend that continues to this day. The volume during the first two months following the price peak stayed RELATIVELY high.
http://tinyurl.com/75eanj2 (click on "YTD")

Could be a tightly held float, but there's no evidence of it.
Could be an excitable, news driven bunch of shareholders who were led to think that permits = production.
Could be a coordinated effort structured around the release of that news.

I wouldn't know. I'm a little light on successful trading experience.