Longwei Petroleum (fka LPIH)

[rru2s]

CCME was recategorized as unmarginable well over a week ago by all the major investment firms. So those with big positions in CCME had to reallocate their portfolios last week, not this week. More likely this week's downdraft was just general negative sentiment due to interest rate hikes and CCME short attacks. Next week is earnings and even if macro sentiment remains cool at this time, LPH will be sitting with a nice attractive P/E after earnings, so just give it time. It will happen.