Longwei Petroleum (fka LPIH)

[rru2s]

"Stocks of firms making the extension announcements experience positive abnormal returns on average"

This is documented in a study of around a dozen stocks that I linked below.

http://www.jstor.org/discover/10.2307/2328891?uid=3739864&uid=2129&uid=2&uid=70&uid=4&uid=3739256&sid=21101244984951

In answer to your question, I tend to believe the law of averages, based on a study of hard data, which found that announcements of warrant extensions are correlated with an INCREASE IN THE STOCK PRICE over subsequent weeks after announcement.

That is based on hard data and a scientific study.

Of course, you can always believe whomever you'd like.

FWIW - I am a study person.

Generally, I don't put much faith into anonymous individuals who have contradicted themselves between expressing extremely positive versus extremely negative sentiment over the course of one single month, despite having no new data to justify such a sudden flip-flop.