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Message: Tuesday Morning Thoughts

Tuesday Morning Thoughts

posted on Jul 22, 2008 03:04AM

First of all, we saw last days very big shorters, bashers activity with pltg stock. Here is one information that can describe what is going on:

Short Interest (Shares Short) 256,000
Days To Cover (Short Interest Ratio) 0.1
Short Percent of Float 0.33 %
Short Interest - Prior 42,700
Short % Increase / Decrease 499.53 %

Really amasing to short this stock only for 1 cent, we saw that yesterday, also lot of bashers activly working all over the internet with false information. Well if somebody wants to know Insiders buy this stock not long time ago, that is usually good sign and mean that this stock will be in longer term up, one more thing, somebody that knows last week buyed 400 000 shares for price 0.16$, this is also a good sign for the future of this stock, lot of good news recently, great potential of the stock, lot of news will be out shortly, what more to expect, this stock can only go up, so now is also good time to buy in. This is from Ludacrous:

Spoke with Blair MErriam today,
his view on the Trafalgar loan thats convertable into stock is that they want it paid off before Trafalger can convert ($.30 required price to convert)

Plan is to show steady high production for 90 days on the wells in Laurel Co. then report in 10-qsb the numbers and use this as backing for major financing under better terms to completly pay off Trafalger and finance continued well drilling with ultimate goal of producing enough cash flow to not need debt to finance drilling operations. (3-5yrs)

So, there you have it, next quaterly report will be more significant for pltg and this report will put pltg in another trading range, until then ultimate target price is 0.25$ which is also higher than current price. So nothing to worry about, everything point out that sp can only go up, so with next news we can see 0.2$, that means for this ridicilous sp buy as much as possible, do not care about shorters because they are loosing ground.

Long and strong on pltg!!!

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