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Longwei Petroleum Investment Holding Limited Message Board

  • hshinti hshinti Dec 3, 2012 11:25 AM Flag

    Nonsense, many major institutions can buy LPH below 5 bucks a share

    Hundreds of institutions can buy LPH and have in the past.

    Sentiment: Strong Buy

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    • Totally depends on the fund. And, it is usually a "guideline" rather than a hard-fast rule. If there is a company trading less than $5 that they want to invest in, they just need to make the case to management why they want to go against the "guideline". It's not a big deal and they do it quite often. This kind of volume is definitely a positive.

    • Yes, but most won't buy stocks under $5.00. Think of how many more would buy in if they get over the $5.00 share price.

      Sentiment: Strong Buy

    • rosebowl Dec 3, 2012 11:42 AM Flag

      Many can; and many can't.
      Those that can are buying. (They didn't buy because they had to wait for "confirmation" signal, i.e.. deal closure, warrant expiration. Fund managers tend to have longer tenures if they wait instead of jumping the gun. At least that was what I was told buy the "fund gurus" who used to manage my money.) This is only the first wave. The big bucks to be made are on the second wave the will follow a year from now.

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