posted
oh... you mean this company will fall down to a marcet cap. of $2,000,000 although they have proven resources of $300,000,000 PLUS the Palo Duro Basin which could be much more than both actual projects? wow.
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posted
Oh, don't get me wrong. I love PLTG. I believe in it whole heartedly. I think it will be worth 1.50 - 2 per share by December. I'm just maximizing my profit thats all.
-------------------- The hardest people to love are usually the ones who need it the most.
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posted
I find it interesting that InterOil Corp is trading on the Amex for $37/a share. They own land but they do not have any proven reserves to date. This one has proven reserves. Millions of dollars in proven reserves yet it sits at .50 without shorties interrupting. I agree with your earlier comment about the Amex. I'm looking forward to the day this moves over. It has so much upside potential long term.
-------------------- The hardest people to love are usually the ones who need it the most.
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posted
I watch pltg all day long. Every second. Every trade. I'm basing this soley on the blocks bought. When I see a ridicously large sum get purchased, I assume it is the the shorts being covered. Especially the way it is being done. Some one buys 50k in shares and then they sit and let the small guys buying and selling 1k or less do some trades and then there is another big chunck as they slowly lower the price. The most big sales are done within the first hour and the last hour of the market being opened. It would be way easier to buy 600k shares in one big block if you were buying it at half the price you sold it at rather than just buying it for the first time because you finally think this stock is cheap enough. This is soley my own opinion. I could be wrong, but I do nothing but watch the market all day long. My career in the making lol.
-------------------- The hardest people to love are usually the ones who need it the most.
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Appalachian (Devonian Shale Formation): "f recoverable reserves over an estimated ten-year life (wells in the field tend to produce for significantly longer periods) this is in excess of $200 million at current natural gas forward contract pricing" http://biz.yahoo.com/bw/070806/20070806005456.html?.v=1
posted
I agree. I'm still looking at buying in at .10. I know it ended at .17, but those were 2 small time investors buying 1000 and 500 shares respectively who probably thought the stock was taking off because it went up 2 cents. The ask only went up because someone covered 40,860 shares at .15 three minutes earlier. If you want to see the daily buy amounts and times of sale go to tradersnation.com, type in pltg and click on depth level ii. At 16:03:29,after the bell had rung, someone covered 93,175 shares at .145. I think there is still roughly 250k that need to be covered. If it drops to .10 tomorrow, which I highly doubt, I'm in. Or else I'm in Wednesday at .145 more than likely.
-------------------- The hardest people to love are usually the ones who need it the most.
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Bought in at .165 looking like it could be a good day. A couple of million people will be emailed buy their cheap or free stock news alert websites and see the news and respond. Lets see some green!
-------------------- The hardest people to love are usually the ones who need it the most.
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posted
PLTG $ Platina Energy Group Inc. Shares Short 71,900 Days to Cover (Short Ratio) 0.4 Short % of Float 0.27 % Shares Short - Prior 16,300 Short % Increase / Decrease 341.10 % Squeeze Ranking™ 0 % from 52-Wk HIGH ( 0.55 ) % % from 52-Wk LOW ( 0.05 ) % % from 200-Day MA ( 0.25 ) % % from 50-Day MA ( 0.37 ) % Price % Change (52-Wk) 171.70 % Trading Volume - Today 549,137 Trading Volume - Average 164,000 Trading Volume Vs. Avg. 334.84 % Total Shares - Float 26,310,000 Total Shares - Outstanding 40,185,587 % Held by Insiders % % Held by Institutions % Market Cap 7,635,262 EPS -0.06 PE Ratio Sector: Basic Materials Industry: Oil & Gas Drilling & Exploration SI Record Date 2007-Jul
posted
Blair Merriam, CEO, commented, "We're working with Platina Energy Group's wholly-owned subsidiary, lead by Steve Eversole, to do our best to drill and to complete all 55 wells in 2007. While resolving logistical time tables, I believe we will finish drilling and completion tasks for considerably less than our full funding commitment for which we will gain additional incentives."
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posted
So sad that such a real good company is bashed. That's not the meaning of stock trading.
But I'm not afraid, because Platina has enough power in the facts. IMO we'll see a run AT LEAST when the first news with one of this two reasons come out:
1) Estimated (proved) value of the Palo Duro prospect 2) Next QR with much higher income.
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posted
Out at .24 and .23. Not a bad profit run up. Now for the short selling and selling before a long weekend. Always happens. Oh look at the price as I type this... .19. Buyin back in sometime next week for another run up. Do this while you can cuz a week before next quarter earnings is released this stock will be doing nothing but touching the sky!
-------------------- The hardest people to love are usually the ones who need it the most.
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posted
Someone please help I need advice. I watch PLTG like a hawk at most times. I noticed it has been falling and staying low. All though I am already invested.....got in around 17.5 I noticed this board has been dead lately.....any information or advice please will help greatly.
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posted
Thank you both. I'm sure the two of you are just as happy to see todays results as I am. I think it hit as high as .20 at 2:43. I've been in this for awhile making a bit on a few run ups. however are we really looking for "IMO 1.50-2.00 a share by winter" from a previous post? Please lets get some ideas moving if you don't mind.
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