bounce back to $1.25+ by next friday

ASXstocktrader found that as at 10th or 11th Nov there was 18M short sold on LNG

Im guessing $1 will be the low as this was the perfect storm to have LNG fall

1. Its been falling (I have been watching for a few weeks now) and once it got below the Placement SPP level of $1.25 people panic

2. Our markets have has one of their worst days in a long time following the Europe's 3.2%+ drops


3. ASCI put out a sell recommendation last night so the whole ASCI herd are all exiting



Dont think we'll get more negatives in a given day so Im expecting a bounce back to $1.25 at least by next Friday