So two days ago, a few hours before the close on March 11, LLEN announces really good numbers. A couple of hours after the close, Longwei Petroleum puts out a PR announcing that the NYSE wants to delist them, thus reminding the market of the problem with some Chinese stocks.
The next morning, a nice, positive article about LLEN is published on Seeking Alpha, but the author wrote it several days before the results were announced, so it doesn't reflect the Q3 report. So it's really of no help to the company. In fact, it may have hurt the company a bit, because it brings up the old lawsuits.
This morning, right at the open, another highly negative article about Longwei hits Seeking Alpha, "Stay a Long Way from Longwei Petroleum", so again, another negative reminder about Chinese stocks.
Of course, if that wasn't enough, at 2:07 PM (though subscribers might have gotten it a little earlier) Seeking Alpha publishes a very negative article about James River Coal, "James River Coal Company's Big Red Flag", which tanks JRCC and further aids in the takedown of LLEN.
Need I mention the Chinese mine explosion and the fairly large number of $2 call options that the sellers would like to see expire worthless on Friday?
This company is snakebit, I tells 'ya!