Replies to post #273 on Longwei Petroleum (fka LPIH)

[crudeoil24]

With a solid earnings report expected,
I believe we will run pass $1.00/share
on this Friday.
One good reason is this quote from last 10Q:
" Longwei's second largest group of customers is coal plants and power supply companies which use our diesel, gasoline and fuel oil to generate heat and power this group provided 45% of our business in 2008 compared to 30% in 2007. This group of customers will continue to remain strong as the local economy continues to grow and new power plants are built. Management anticipates that in the fiscal year 2009 this group will represent 55% to 60% of sales, as the company will focus on this particular customer segment due to larger bulk sales. Longwei's third largest customer is the small, independent gas station which represents 10% of Longwei's total sales. These stations buy gasoline and diesel from Longwei. This group will continue to remain strong as more cars are being used for transportation in Shanxi Province."

[bUrRpPPP!]

Ultra low float.........buyers are holding for true valuation so the float is drying up quickly.....looking for the dollar break today or tomorrow.....