SOURCE: Stock Market Alerts

November 01, 2007 09:25 ET

Stock on the Move for Thursday: PLTG! November 1, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL--(Marketwire - November 1, 2007) - Stock Market Alerts' performance stock list includes: Platina Energy Group, Inc. (OTCBB: PLTG), Silicon Motion Technology Corporation (NASDAQ: SIMO), China Petroleum & Chemical Corporation (NYSE: SNP), Carpenter Technology Corporation (NYSE: CRS).

Platina Energy Group, Inc. (OTCBB: PLTG) is on a roll, and continues to issue news that should have investors watching this company closely Wednesday after the markets closed, the company, a fast growing E & P Company, issued a press release announcing that it forms Applegate Petroleum Management, Inc., as general partner for oil and gas participation limited partnerships.

More great news for PLTG investors! According to Blair Merriam, Platina receives regular inquiries by potential investors and stakeholders seeking oil well participations. The ability to allocate tax incentives to individuals for 2007 along with royalty income probability to investors is the latest expansion for Platina.

With all of the new well acquisition targets being assessed in addition to those owned or under contract with Platina, the Company believes that individual investors should have the opportunity to benefit just as our institutional partners have.

According to Blair Merriam, "Our Corporate progress for 2007 has been methodical and steady. We have grown the Company both through acquisition as well as internally and will continue to do so. The next opportunity is to give qualified investors both tax benefits for 2007 under a 2:1 leveraged structure, with income potential for many years to come. Our current product inventory available for partnerships could be as much as $50,000,000.00."

The company has been recently issuing a string of positive news that should have investors watching! Platina reported this week that the Company's quantified oil and gas properties including current proven producing and proven reserve estimates have skyrocketed in value over the last few weeks as a result of dramatic crude oil price increases topping $93 per barrel.

PTLG also announced last week that it has undergone initial engineering consultation on the new Quitman, TX acquisition to potentially double production! The Company further reports that the Thermal Pulse Unit (TPU) technology for which Platina owns certain proprietary rights may be used to enhance extraction from the 52 well acquisition. As previously announced, the current production is approximately 150 barrels per day. Platina will have a 50% interest in all production.

That same week, the company also announced that it has entered into a Letter of Intent to acquire a 63-mile pipeline in Texas, including 6 producing wells with cumulative total of 50 barrels of oil and 450 thousand cubic feet of natural gas per day. In that press release, Platina's President, Blair Merriam, stated, "This acquisition complements the shallow oil production recently acquired in East Texas. These wells are deeper Smackover formations that historically have produced several billion cubic feet of gas each. In addition to key drilling locations we'll own the only gas transmission pipeline for the area. This acquisition sets the stage for substantial growth in the four county areas between Oklahoma, Arkansas, Texas and Louisiana."

Before the news was released, the stock closed Wednesday at Twenty Six cents a share.

For Stock Market Alerts' in-depth profile of Platina Energy Group, visit http://www.wallstreetenews.com/HotStocks/PLTG103107/default.aspx

Platina Energy is a fast growing E & P Company. Since its organization in 2005, it has acquired proven producing and proven non-producing reserves. The Company owns rights to German inspired, oil extraction technology currently in the R & D phase. As of recent, the Company has announced the acceleration of a major acquisition mode.

Other Stocks of interest yesterday were:

Silicon Motion Technology Corporation (NASDAQ: SIMO) up 15.2% on 3.5 million shares traded. We are a fabless semiconductor company that designs, develops and markets universally compatible, high performance, low-power semiconductor solutions for the multimedia consumer electronics market. We have three major product lines: our mobile storage business, multimedia SoC business, and mobile communications business.

China Petroleum & Chemical Corporation (NYSE: SNP) up 10.5% on 3 million shares traded. Sinopec Corp. is the first Chinese company that has been listed in Hong Kong, New York, London and Shanghai. The Company is an integrated energy and chemical company with upstream, midstream and downstream operations.

Carpenter Technology Corporation (NYSE: CRS) up 8.2% on 1.3 million shares traded. Carpenter produces and distributes specialty alloys, including stainless steels, titanium alloys, and superalloys, and various engineered products.

The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for Platina Energy Group, Inc. (OTCBB: PLTG). The compensation is a total of three hundred and seventy five thousand shares (one hundred thousand shares for current services and two hundred and seventy five thousand shares for previous services) from third party, First Advisory LLC., who is non-affiliated and may hold a significant position in the stock. The company has sold two hundred and seventy five thousand of those shares. The company may receive additional shares for extension of its services, and any additional shares will be disclosed at such time that the company is aware of a clients desire to extend the original services. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent. The company may have received shares of a company profiled in this release prior to the dissemination of the information in this release. The company may immediately sell some or any shares in a profiled company held by the company and may have previously sold shares in a profiled company held by the company. The company's services for a company may cause the company's stock price to increase, in which event the company would make a profit when it sells its stock in a company. In addition, the company's selling of a company's stock may have a negative effect on the market price of the stock.

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