Longwei Petroleum (fka LPIH)

[rru2s]

OT - nice breakout happening with UTA

Consistent buying and upward movement today for UTA, a travel company in southern China with a P/E around 4. It was cratered by shorts in mid-September but various authorities have since re-affirmed its credibility. Since summer is the peak season for tour-based travel and airfare travel, expect UTA's upcoming 10Q soon to be released in mid-November to be a blowout. UTA has acquired several other travel services over the last 2.5 years and is growing fast, without any signficant debt or warrant issues. Expect UTA to move back into the low 7s before earnings and eventually to retake the highs of last year over 10 bucks a share. PPS now at 5.42.