Naish. On the other thread you mentioned that distribution is now taking place. Hopefully the overlaid schematic (red shapes) helps you with the phases. As you can see, distribution has already ended!
Those large yellow arrows signify when operating related announcements were released, which by judging by the posts here were all positive out of this world.
So why no share price impact from the announcements? We can't say that the market didn't notice. For a $50m company maybe. But NOT for a $1.5B company.
What took the prices up in the recent mark up phase? There was no news. If the news was great then why the sell off now?
Why no sell off when the markets began to sell off during the first distribution phase? Clearly because SM hadn't finished distributing.
Look at those ranges. They are a clear sign of smart money being all over this and are playing this BOTH WAYS.
I believe long term investors should only look at monthly charts and not focus on these up and down gyrations unless they are willing to act on them.
LNG Price at posting:
$3.45 Sentiment: Sell Disclosure: Not Held
