The answer to that question imo is no. LNG is a 6 to 12 month hold because I think plenty will happen in that time frame .
Then you can reavaluate and decide if you wish to continue on with your investment or cut and run..
The selling you are seeing today are probably those that bought yesterday hoping that some ground breaking decision was going to coincide with the conference call and they were hoping to make a quick buck.. That was never going to happen.
Those that will do well from LNG are those with the patience to sit tight and wait for it to unfold.
We have a clearer picture on quite a few issues that I posted yesterday. WE have an even clearer picture on what Meridian's situation is.
These recent announcements should have given shareholders the much needed confidence to make an informed decision whether to hold or to sell.
LNG Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
