Business
BUYINS.NET Issues PetroTech Oil and Gas SqueezeTrigger Report
BUYINS.NET Issues PetroTech Oil and Gas SqueezeTrigger Report.
About this update from Petrotech Oil & Gas Inc
[{"type":"text","content":"\n\n\n\nBUYINS.NET Issues PetroTech Oil and Gas SqueezeTrigger Report\n\n\n\n\n\nBUYINS.NET Issues PetroTech Oil and Gas SqueezeTrigger Report\nPR Newswire\nBEDFORD, Texas, October 29, 2013\n\n\n\nBEDFORD, Texas, October 29, 2013 /PRNewswire/ --\n\n\nApproximately 33 Million Shares Shorted Since April 2013\n\nShort Squeeze Expected When Stock Crosses $0.02 SqueezeTrigger Price\n\n\nPetroTech Oil and Gas, Inc. (OTC: PTOG:) has been informed today that BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on Petrotech Oil and Gas (OTC: PTOG) after releasing the latest short sale data through October 28, 2013. The total aggregate number of shares shorted since April 2013 is approximately 33 million shares. Approximately 29.05% of daily trading volume is short selling.  The SqueezeTrigger price for all PTOG shares shorted is $0.0243.  A short squeeze is expected to begin when PTOG crosses above its $0.0243 SqueezeTrigger price.\n\nClick here to view Report:  http://www.buyins.com/reports/ptog10-28-13.pdf\n\nClick here for SqueezeTrigger:  http://www.buyins.com/images2/ptogstr10-28-13.jpg\n\nClick here for Friction Factor:  http://www.buyins.com/images2/ptogff10-28-13.jpg\n\nClick here for detailed explanation: http://www.buyins.com/brochure.pdf\n\nFriction Factor calculates if a fair market is being made in the shares of PTOG. 41% of the previous 39 trading days have been positive or bullish-biased and 59% have been negative or bearish-biased.\n\nRegulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be ...