If it dips below $2 you'll have some serious money invested in this which will be then under water. IF nothing changes about the fundamentals of the company then I strongly believe that if you don't see some serious support before $2 to buy lots of stock off those willing to sell then I expect you'll see some serious buying come out under $2 to take as much stock as anyone wants to feed in. U.S. insto's have bought up somewhere in the region of 50% of the stock already; I doubt very much that they wouldn't be chomping at the bit to buy up as as much of the other 50% that you want to give them if they can have it for under $2. You've seen this already by Baupost, the others are probably happy to wait a little longer and pay a bit more if need while they wait for incoming announcements. However, if the price moves to $2 I think you'll find that they reconsider waiting.
- Forums
- ASX - By Stock
- LNG
- End of year share price
End of year share price, page-34
-
- There are more pages in this discussion • 307 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online