Replies to post #196115 on Plastic2Oil Inc (PTOI)

[jimmenknee]

No, but you have a partial point...

... You DO realise that just one person that wants in (or out) immediately to the tune of something as paltry as 50k renders that whole chart business completely obsolete, right? ...

Notice my post starts off with: "If you follow the float structure, swing chart and trading dynamics..."

3 key elements to OTC and especially illiquid stocks:

1. Share structure/Float analysis: I've posted numerous times on this in the past-- JBI's current Float Turnover Ratio is only 0.16% with a Working Float of only 257,003 shares and an Effective Float of only 673,834 shares

2. Money Flow: I've posted numerous times on this in the past-- the key is to chart High End (ask slapping) -vs- Smart Money (experienced traders/big money blocks), Money Momentum (relation to ask slapping), and Volume changes (based on Money Flow direction)

3. Trading Dynamics: who is really attempting to control direction? Contrary to the NSS conspiracy which has been proven faulty several times over, the non-promotion promotion is attempting to regulate sentiment to affect the "demand" side of the equation (supply -vs- demand).

Oh, and how's this for "analysis" : the run to 7.00 was a short squeeze.

It lacks any supporting data so it appears as a fanciful vagary IMHO

Cheers 2U2 :-)