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usandy

01/10/11 12:51 PM

#491 RE: wittytitty #488

I've found Red Chip to be a good source of info on LTUS.. I'll try them to find out the timing of any uplist plans, and report back if I get something.

saur9681

01/10/11 11:02 PM

#494 RE: wittytitty #488

ENHD is one example of a stock with "all the stars aligned" to uplist to a better stock exchange. Their management mentioned intentions of uplisting. Instead, they betrayed all their investors by de-listing from the SEC by filing a form 15-12G. It dropped the stock 70%. Although I think this is truly an outlier, I felt I had to mention an example. If any of you get the chance I recommend reading the boards on this site for ENHD... lots of interesting comments.

I probably should've prefaced those last statements with saying I'm 100% invested in these U.S. listed China companies and LTUS is a solid portion (but anything is possible). For LTUS, they've taken all the necessary steps to uplist and so I think it's just a matter of time now. The AMEX is in its near future, although they didn't indicate which exchange they were planning on pursuing in the latest conference call.

As for the strange price behavior the last couple days, just think of it as a way to increase your position. There's no reason for the drop and it's being lightly traded. There is a TON of support at $2.30. The price has bounced off this level quite a few times in the last year. Pick your price with these stocks near support levels, put in a limit order, and there's a good chance you'll get filled eventually at an unbelievable value.