All China small-caps continue to deteriorate daily. Many P/E's less than 1 throughout the sector and thus LPH has more to give up on the downside and especially with such a huge float and large O/S count, attractive valuation or not.
Pef, yes, probably slight pullback as the flippers take their nickel.
What would life (or YMB) be without the Morepave's and CH's to offer a little color analyst?
Another great lyicist, Steven Tyler, put it: "Same Old Song And Dance"
Clae, CHGS popped up on the SSN board after an article appeared about reducing fracing costs. If you watch CCR and their stranglehold on ceramic proppants, a low cost competitor would be interesting. And I may disagree with CH on LPH and differ in style and approach but do appreciate his agnostic approach. Like Neil Young said, "It's all the Same Song".
I hedged at the close yesterday and XOI is bumping up against downtrend line at 1270 - with consecutive green sessions for LPH, would not be surprised with a pull back and possible flag for next move - PPS will be news event driven - GLTA
Sort of in the middle of the pack today - China big caps get the benefit of the relief rally - It's a great time for management to take a step here, hint. OT: CH, have you ever looked at CHGS? They are export a ceramic proppalant used in well fracing.
Maybe even $0.20 after the 4th and 5th acquisitions are closed based on past history. These Chinese stocks behave as semiconductors; they pass current in one direction only (current = stock price in this case). No matter how positive the events, greatly increased earnings, and transparency, the price will only go down until investor sentiment turns around, OR a decent dividend is paid. My guess is when the 3rd facility deal closes, the price will jump 10-15 cents then quickly retreat. I know, it's unfortunate, and I hope I'm wrong, but I'm just looking at what's been going on for the past year of so.