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Plastic2Oil, Inc. PTOI
Posted On: 03/18/2014 1:53:42 AM
Post# of 43066
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Posted By: yuggibeht
Re: 801 #6508

You misunderstand me. What I meant was that, in the case of JBII for example, if you sold anywhere during this downward slide from $7.00, you would feel better now. It is difficult to do at the time, for anybody. The thing is, the more you average down, the bigger the loss gets... etc, etc.. the more you have in, the more you feel anxious.. the lower the price the more the loss. etc. If you sold at .50, you would feel great now... likewise at 1.00, 1.50, wherever... and you move on..


JBI may survive for a long time and bankruptcy may not be the end game. I don't think the economics for growth are there. The machines just are not profitable enough. But, I can't see them surviving much longer without a financing, which seems difficult now.


Discussing other stocks is OT, much to my chagrin. I would love to otherwise. I spend a ton of time looking at the market.














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