Longwei Petroleum (fka LPIH)

[rru2s]

Yes Glen all my LPH is marginable over at E*Trade, but there is a stipulation at E*Trade of PPS exceeding $2.00 to be marginable. During the early September low point, I had averaged down so heavily that I had very little else in my main account and I got a margin call forcing me to liquidate securities from another MF firm (which I had been planning on doing eventually). Fortunately it ended well as E*Trade said they'd wait till the stock sale closed and the wire came through.

This time around I have about 46 percent of portfolio in other equities so I could conceivably margin to average down even if LPH drops below $2 for a few days, but not sure I want all eggs in the same basket, then again, why not, I did it before and I have more faith in the business model of LPH than I did before, if anything.