I understand why most of you hate short sellers, I’ve short sold on a range of companies from banks, baby formula, health care, gold, lithium, iron ore etc, and among the stocks I reckon that are worth holding are energy stocks, (except those carrying huge debts that didn’t allow for falling prices and over supply like the Santos shares I own, fortunately I sold at around $12.00 and bought back in at $4.18 so I was lucky with them). Frustration and the steep rises and falls of LNG LTD over the last two years has led me to give management a real bagging but I see all the effort they’ve put in and how they have been ticking all the boxes and the rewards are starting to show. I sold the LNG shares I bought at $0.48c to get some money back in the bank, but I’m optimistic about holding the rest long term and seeing some dividends. When you’re on the market five hours a day and it’s your only form of income, you’ve got to make a dollar where you can, but other than a few bucks here and there, I doubt the short sellers (or dodgy analysts) will affect this company too much, just hope the FERC makes that announcement sooner rather than later. As far as investing in a company for the good of the planet, I would have invested in solar or wind, but after the bagging our dodgy Prime Minister gave renewables after the South Australian blackouts, you can see that a...hole isn’t going to support anything moral or green. I don’t need to defend myself or other short sellers here, I’ve been trading about four years and gotta make a living (don’t want to be on the dole), but I apologise to all those I’ve bagged on the way, and I’m just saying to all you short sellers: Go and keep an eye on GXY, PLS (or even LIT if you like a risk) watch the highs and lows and you’ll make some money, just leave LNG alone, they’ve had tough times, the share holders are loyal and you’ll only bring bad karma on yourselves by trying to rip them off!!!!
Expand
