An lng consultant in the general industry said(yesterday) "we" got notice to proceed last week and we shoulda received non-fta the next day, he was wondering why it took so long, normally it's the following day or two. At this point, I think we're putting the tape on the wrapper for this gift.
For those who think the stock will do a typical jump .15 for a day and drop back down to a lower support level, let me remind you a few historical patterns. Highly significant news May-July 2014. Kinder Morgan, SK&E Contruction, and FERC Application and other events(handshakes and such), caused the stock to rise typically .10/day starting at .54(if you were there then, you know what I'm tallking about, it was predictable).
I remember It took three days once after a significant milestone was met for the stock to rise, and it jumped about a $1. to $2.77, then on to $4.60ish.
One day in 2015, I think it was, at about 11:30 central time the stock jumped from $1.?? to $2.60 I think, all cause someone bought a couple million shares.
We are more risk-free than we've ever been. For some investors, that's all they need for a green light. Don't be surprised if it takes a few days for some insto to drop 5 million bucks or so on it, and watch the price jump after a lunch break like a theif in the night. That's one train I don't want to miss.
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