Replies to post #209345 on Plastic2Oil Inc (PTOI)

[BRIG_88]

EXCELLANT POINT NewMoney...CHART!....as i posted several weeks ago imo JBI bottomed at .70 after setting a short term oversold condition just below that.....since then the stock has rallied back above the 50 day moving average at .78.....we may churn back and forth here for awhile but i think a bottom was put in as tax loss selling flushed out in Decmber....SOOOOO imo .70 was a bottom and anyone fortunate enought o fill at .67 got a nice buy entry......very few shares went off at the extreme oversold price of .6401........so .67 was a very nice buy indeed.....just bottomin'

[Estimated_Prophet]

JBI is not in an uptrend, yet. You would need a higher high first.

[Modern_Rock]

Usually they move the price up so they can close the offering. This case they needed a price to be well over .50 else who the hell would sign off on the offering. Usually over time the price will slowly close down to the offering price...