Copping a beating today., page-10

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carpediem

533 Posts.

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29/09/14

11:37

Post #: 14042466
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Originally posted by possum2 ↑

Markets in Australia continue to look very ordinary.

Even with a strong rise over the weekend from the Dow can't stop the poor sentiment that we are currently experiencing on our markets.

LNG opened O.K, but once we saw more weakness on the overall market the flood gates opened.

LNG's performance is one of many that can be attributed to the overall weakness of stocks currently under pressure.

But it will turn, because the fundamentals have not changed. We are very fortunate that we own shares in an energy stock, because that will ensure our future going forward.

The world can not survive without it and the growing population will mean it will never have enough.

And for all the arguements as to whether it goes up or down short term the bottom line is if it ticks all the necessary boxes it WILL go higher.

And there is no logical reason that all these boxes will not be ticked.

So for those that had wished they had bought more when the shares were trading at 4.45 just recently, I guess its fair to say 3.90 is a much better buy in price. Because at the end of the day nothing has changed in the LNG story since it enjoyed those higher prices.

I guess it's also fair to say that FEAR right now has got the upper hand .

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Yes, as painful as it is to watch the subsidence, it does offer opportunity in the long run.

i believe the overall market weakness can be attributed to the falling Aussie $. As so much of our market is owned by US Instos the money is flowing out of Australian markets regardless of fundamentals they are moving it back to their shores.. Macro economics I guess...

We may have some further to fall yet, across the board!!

Last edited by carpediem: 29/09/14

LNG Price at posting: $3.97 Sentiment: Hold Disclosure: Held
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