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We got our one big pop per Q that we usually get. Yesterday's volume was almost all I-hubbers/yahoos goobling up the .70s. No new blood coming to many of these micros....go sense the frustration over at LPH. A 1 for 2...needs to be at least 1 buck to get traction. 3 more months of speculating and heresay.....
But come on...a short would simply have to put the order in around 11:01 am..that would be easy money.
To my recollection, this stock never rises after 11am.
We will jump to .68...then slide to .65 and finally close at .64. Upper 50s within 10 days.
This day counting stuff is complete foolishness. You'll be starting from 1 again every 5 or 6 days. AMEX needs to see thst this is a solid company that will not need to be a target for de-listing one month after uplist..thats the real problem...please stop the mis-leading
How many days, then, will it take (of below 2) to become de-listed??
rr,
I don't think anybody here needs to be convinced what a great product/company we have here. With up the uplist now out of the picture, it's remains an OTCbb that will get no visibility. Even if the uplist ever occured, frugal investors don't want to gamble on China right now. We sell until further notice.
1.80 and I still can't pull the trigger...too much downside yet.
Don't think China will fade away..just don't think the public will have the confidence to put their $$ there.
Isn't de-listing become a possibility?
That sounds great,,but we would only drift back down. China=dotcom
I'll be in at $1.99...make that $1.93.5...because if it goes to 1.99 it will always go a litter further.
who would have dreamed 6 months ago that June would end with this under 2 bucks. This was supposed to be our month. We all thought "$5,$7 $9" by the end of fiscal 2010. We missed the China Parade..due to many processess over the past 6 -8 months. PEs of 2/3 maybe even 1-1.5 may now be the norm. An uplist in limbo due to CFO...Sub 2 bucks...bad this or that who really knows. Uplisting noadays means nothing due to the China Syndrome. I was a big cheerleader until seeing the light during a big Eastern Snowstorm last Feb...we dropped from our 3.28 high and never got close again. I've been an LPIH bear ever since..sold about 40%..i always thought i'd buy more, but even now I can't get the mojo back. I know "good leave the cheap sharess for us idiot" hey go for it. I'll still watch...but I feel the pain is only begining.
Wow..big drop at open..I think a bigger July drop will present a buying op.
Uplist or not...this stock will not be able to get traction in the current environment. 70% chance of frustration and heartbrake with LPIH
I'll make no silly predictions...just dont like it.
As the Persistent (LPIH) contrarian I think this is an awful thing. If James would have left 6-12 months ago it would have been ok...but not at this critical time when the company was finally close to getting a little respect. The uplist should be delayed now indefinately, which is the only reason most folks are here. i personally don't like it.
We are now 2% from the 2 buck chuck...once we fall below $2..the 1.10s will panic and 1.50 should be rather easy.
Yes..we are only a 7% drop away from that mark. Look TF, I think all the fundys are there...but the feeling is so grave. I think U.S. stocks have to come back before any China stocks even get close. The U.S tank has only just begun.
I don't think we'll hold the 2 buck threshold this week...this is going to be weird with the AMEX...not sure how it will be handled.
When China raised prices a few months back, we all thought the pps would go up...but it dropped. Due to the hypersensitivity surrounding China or any other market...I think we fall. Good news no longer pulls you up , but bad news will always drag you down. Z
JoTeng, I sold about 40% a few weeks back. I almost dread the uplist believe it or not. Since there is no "run up" prior, I imagine green folowed by red on the day of, due to the massive selling everyone is waiting for. The AXEX itself is made up of shorts waiting to pounce the the innocent newbies. It is unfortunately a very bad time for good news.
May sweeps ends next Wednesday...CNBC, and all the major cable outlets need to keep the news bad and panic high until then. This is the most important ratings of the year because it sets the ad rates through November. Once June hits, all the major media players head for vacation. New people fill in and try to keep it bad to potentially move up or make good resume material. Therefore the news won't be quite as bad after next Wed.
Red on good news is in fashion..
ccgy..ccme...even CISCO & INTC. I think for China a 3-5 PE is about all you are going to get. Institutional buying is a myth..responsible managers won't go anywhere near volitile China. Yes an AMEX listing is eminent..but AMEX rookies are like fresh meat to the pirahna shorts...so don't get too excited there. This is a cash cow but very few real investors care. This has become a quick trade and shorters market..a casino if you will, where real investing split like the Rat Pack.
Very high VIX today...the brutality should persist.
If/When ?? we fall below $2 will AMEX listing still be a possibility?
I think you can sneak in around 2 bucks...but I can't imagine getting even close. I have to agree AMEX could be a 5 year plan or so.
I think once your AMEX listed you can drop to Pennyland...then delisting. I don't think you can get there from Pennyland. There are some scrupples on the AMEX. I think even great news and a good quarter gets us to .13 ish. Thats OTC material and nothing else.
I'm not sure how a penny stock can be listed on the AMEX. i wouldn't want to be a member of that club. Unless it's part of a 5 year plan or something???
I'm starting to remember how much this stock loves $2.23 & 2.07
AMEX may be waiting on a certain or sustained price level. It could be costly and embarrassing to uplist, then have to de-list a few weeks or month later.
Ok, more like 7-8 months and no the stock is about even since last November. We are up more like 180% since last June ....nearly YOY. I see what were your former thoughs on what might happen by this June is now spread several years into the future. I think we are all now just getting frustrated with what typically should be a no-brainer.
JoTeng,
The warrant issue among others has been the nemesis of this stock all along. Many of us who like this stock have been warning of these issues for nearly a year now. We've been called "passive bashers". I won't be selling, but I really don't see much but a blip up on the uplist. Maybe 2.52 to 2.82 on the uplist, then back down the following days. This baby has too many OS...and investors just don't trust China.
$3 by October...anybody remember those days??
Could get real ugly in China Land Tomorrow.
I'm sure there will be some sort of mini-panic...but, if the biggest supplier is closing temporarily...wouldn't it help our little shop?
This one has been a mess for years...it is a dilluted quagmire.
It's hard to believe we've dropped 30% since the conference call.
I know we got a 10K, but did we ever get a 10Q from the past quarter...?