Replies to post #8056 on Longwei Petroleum (fka LPIH)

[Rawnoc]

I may put in a bid at .05....after all, I heard huge dividends coming from this rotting obvious piece of freakin' Chinese junk.

So why not?

[CowBoE]

At the opening yeah...since we don't know the trading range. Did you know? I certainly didn't.

But after seeing it trade between .12 to .18, it was pretty obvious it ain't going to get above .40, which I was hoping for.

Therefore, when you've got to adjust trading strategy when it's
not going to work. No sense being stubborn with low probability hopes. :)

I think most buyers today are shorts covering (along with few
opportunistic flippers).

I'm thinking once shorts cover, there may not be much buying
interest to sell after today...though there is a small
(I mean very very tiny microscopic small) probability that LPH
gets the 3rd party audit done properly and get listed again.
(though I highly doubt it).

I suspect LPH will erode to .01 or below over time and volume will
dry up to nearly nothing.

I'm just happy to get rid of this from my position list
which I dread seeing everyday for the past few months.

Hope ya have enough capital gains this year to completely
offset the loss.

This will be my last message on this board.

I wish the best of luck to all in all other trades!!!

Happy trading.