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13/02/20
00:40
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Originally posted by cutty:
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People are anxious for a reason. Lots of people have lost a large amount of money listening to false prophets and unfulfilled promises. You may be new to this forum, but most on here have been loyal to the company for a number of years. In that time, we have heard on numerous times the imminent nature of a deal and slogans like not if, but when. You may label the current mood as scaremongering, but I can assure you there has been a long standing, and equally vocal group of ardent followers. It turns out years, upon years of empty words has an effect on people. If there is a deal, I am sure every person on here will rejoice. Understatement of the year... But I am not sure random articles on unlinked deals, and supposed increased supply to China in a random article will cause much of a change to the mood in here. We have heard it all before, and without trying to sound rude. We will believe it, when we see it.
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It’s a rough trot for shareholders. But that’s why my view (and not advice) is that capital investing is for the foolish. This is because it is all too easy for manipulators to capitalise on fear and move the share price down. Sell and re-buy lower. Increase your holdings. Do it again. Do it again. Do it again. Don’t tell the ASX about your change in substantial holding. What’s the worst they can do, a fine? The LNG.AX 5 year chart tells this very story, the story of dumping to re-buy more lower. This is how most investment banks and Instos operate. This high volume week itself signals that the bottom is in. Anyway sorry all for clogging up your forum with what 9 posts now, I just wanted to share what I found and make the call that this deal is LNG.AX. Just my opinion & speculation