Volume Spike Investor

Pinnacle Gas Resources, Inc. (NASDAQ: PINN) is a small independent acquirer and exploration of onshore natural gas properties in the U.S.   This is one of the smaller and much more speculative stocks in the sector, so traders are looking for their small cap plays to get the biggest bang for their bucks while natural gas catches up to oil.  There is no fresh news other than a filing from yesterday indicating that the company has began a series of meetings with research analysts and selected other parties to provide them with a financial and operational update on Pinnacle.  Shares are up 11% today at $3.60 at 11:59 AM EST and we have already seen some 778,000 shares trade hands.  This follows an even larger percentage move yesterday where shares traded 748,000 shares and closed up nearly 20%.  This one has been a heavy message board and chat room stock, and in short is speculators speculating on speculators.

Avg. Daily Volume:  144,000 shares
52-week range:       $2.10 to $8.49
Market Cap:             $105 million
OPTIONS:                 NO

Jon Ogg
June 19, 2008