Seeking Alpha
What is your profession? ×
Profile| Send Message|
( followers)

L & L Energy (NASDAQ:LLEN), a stock I recommended here on February 7th, announced today that it has received approval to have its common stock listed on the NASDAQ Global Market. L&L expects to commence trading on the NASDAQ on February 18, 2010 under its current symbol, "LLEN."

The stock is on the move, having risen more than 25 percent since I wrote it up last week.

The Chairman of L&L, Dickson Lee, stated: "Our move to a senior exchange is a significant milestone for our company, and is the result of our continued strong growth and diligent efforts to vertically integrate our coal mining operations in China. A NASDAQ listing will increase market visibility and improve liquidity for our shareholders."

LLEN is still below its recent high of $8.09, though I expect it won't be long before that threshold is surpassed.

My position: Long.