35 companies that made presentations Oct. 1 2009

http://www.thestreet.com/story/10608305/2/chinese-micro-caps-to-own-now.html

Longwei Petroleum(LPIH.OB Quote) is a stock trading around $1.40 with forecast 2011 earnings per share of 80 cents and a trailing 12-month EPS of 30 cents. I would argue that this is a no-brainer. I've told you about it before. James Altucher reportedly likes this one too. This company was among the 35 that made presentations at RedChip's New York Equities Conference on Oct. 1. Speaking of that conference, it offered a perfect example of what I consider to be an ignorant investor. Somebody asked, "Why are you guys growing at 30%-plus and carrying a forward P/E of around 2?" I wanted to interrupt, but I let the presenter field the question. My response would have suggested that the abundance of uninformed people like the one who asked the question offers the opportunity of a lifetime for savvier investors. It will be interesting to see if Longwei is able to uplist in the next year without having to reverse split. Hey -- it could happen. My uplisting target is Amex. I've informed my Financial Statement Analysis class that I believe this stock will see $3 by Halloween. That's a 100% return in a month.