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Message: Platina Energy Group, Inc. (PLTG) SqueezeTrigger Price Is $0.15.

Platina Energy Group, Inc. (PLTG) SqueezeTrigger Price Is $0.15.

posted on Nov 12, 2008 04:55AM

http://www.stockmarketenews.com/feed...

Platina Energy Group, Inc. (PLTG) SqueezeTrigger Price Is $0.15 . Approximately 14.2 Million Shares Shorted Since December 2006 According to Buyins.net Research Report
Wednesday November 12, 9:30 am ET



DALLAS, TX--(MARKET WIRE)--Nov 12, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News ) (Frankfurt:O5Y.F - News ) announced today that BUYINS.NET, www.buyins.net , is initiating coverage of Platina Energy Group after releasing the latest short sale data to November 2008. From December 2006 to November 2008 approximately 183.9 million total aggregate shares of PLTG have traded for a total dollar value of nearly $26.8 million . The total aggregate number of shares shorted in this time period is approximately 14.2 million shares . The first of several short squeezes is expected to begin when shares of PLTG close above $0.03, where approximately 139,000 shares have been shorted. According to data provided by the SEC through June 30, 2008, there have been as many as 405,033 shares failing to deliver (also referred to as, naked short) on one trading day. Click here to see a chart of failures to deliver from January 2004 through June 2008: http://www.buyins.com/ftd/PLTG.gif . To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net .

Analysis of the Friction Factor chart above shows that in 4 sample trading days preceding this report, market makers have made a normal market in 2 of the 4 days . The Friction Factor displays how many more shares of buying than selling are required to move PLTG higher by one cent or how many more shares of selling than buying moves PLTG lower by 1 cent. On November 6th and 10th, more buying than selling resulted in the stock price actually dropping. Market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. We will continue our market surveillance on shares of PLTG and report abnormal market making accordingly.

The chart below shows the broker dealers acting as market makers in shares of PLTG.



 
                                        Volume            % of
                                       Jan - Oct          Total
Rank                Market Maker          2008           Volume
1               Knight Equity Markets
   63,559,394
           50
2                      UBS Securities   24,227,087           19
3                     E*Trade Capital    8,952,671            6
4                   Hudson Securities    6,722,119            9
5                   Automated Trading    2,512,135            6
6                         Archipelago    2,158,180            2
7                 Domestic Securities    2,024,516            4
8               Hill, Thompson, Magid    1,768,222            1
9                         Maxim Group    1,608,400            1
10               vFinance Investments      945,500          < 1
Well done NITE, you are the best...
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