Longwei Petroleum (fka LPIH)

[rru2s]

LPIH will hold the same minimum floor it's held for months now. With quarterly cash flows already triple from early last year, projected annual revenues are far higher for FY2011, regardless of current market sentiment. There are a lot of investors out there who are aware of this, relative to the number of publically traded shares, so there are buyers willing to grab this undervalued stock acting as a safety net. The trading range of LPIH never drops below 2 because it's ALREADY undervalued substantially (partly because of priced-in aversion to paying too much for a stock with substantial warrants/preferreds); likewise that is the same reason LPIH cannot easily hold a move above 3 very long. That may change after uplisting.