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4.3¢ liquefied natural gas limited

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andy bee

2,404 Posts.

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15/03/15

10:40

Post #: 14915562
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Originally posted by possum2 ↑

wooky,

As I have often stated charts may be of assistance to some .

BUT they cannot predict announcements and they cannot predict events that happen out of left field like a major lift in oil prices or a sudden drop.

I know that some might think that the possum is a bit ignorant when it comes to charting. But in my experience I have found it very useful NOT to use them.

Had I been a chart enthusiast, I believe there would have been a very strong argument for me not to continue to hold my LNG shares. Many people who I told to buy LNG and hold them have long gone because their charts indicated to them to sell out.
For some it is very difficult to sell out of a stock and then buy back in at a higher price. Particularly when the share price has had huge swings very quickly. LNG has had massive gains and also has been belted at various times. Try telling a person who sold out of LNG at 2.50 when the price was dropping to now buy back in at 3.50. He might have sold because of a variety of reasons. Oil price pressure, charts, change in sentiment toward Lng projects around the world. When it got down to 2 dollars it was obviously still dropping. Why buy back in when it could go back to a dollar like our friend te te te was suggesting. Who was to say that oil was not going to drop to 30 dollars per barrel.

Personally my invested strategy is much less complicated. It is made on the basis of a strong Management team. A company that has the right product to earn PLENTY of money and obviously must have the money in place to achieve it's end goal. Provided all these 3 things have been established I usually take the wait and see approach.
Always understanding that things can and do happen out of left field that are out of our control. Anyone who invests in the sharemarket MUST understand that this is a distinct possibility. I think most would appreciate this.

Chartist of course will argue that you could have gotten out and bought back in because history NOW shows us that this has actually happened. For the reasons I have given already this is not easy. I know many associates who wish today they would have taken my advice to hold and sit tight and not made their decision to sell based on what the chart was showing. I have no doubt that many hot copper enthusiasts have left the LNG building a long time ago and today wished they had actually done nothing but sit and wait . They would no doubt be keeping one eye on the progress of LNG perhaps hoping that the project doesn't go ahead to vindicate to them that they made the right decision. Nothing hurts more then to see a share price rise further when you have made the decision to exit.

Crazy as it might seem, sometimes as an investor and a shareholder the hardest thing to do is nothing at all . We are all programmed to believe that a profit is a good profit and not to be greedy, because 90% of the time something comes along to upset the apple cart and we are left wondering what if.

Having been in the industry for over 20 years I can fully understand and appreciate why shareholders have sold their stock. I have also posted many times that I believe that LNG can one day be a MAJOR player in the gas industry and what we are seeing now is only the start of what might be in the future.

The announcement over the weekend simply enhances my belief that LNG will one day be one of the companies that not only survives but indeed flourishes in a very competitive industry.

As I always add, a little bit of lady luck along the way is always most appreciated of course.

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poss,,,perzactly my sentiment and experience,eg,i took a nice little profit when i sold my [email protected] only to recently buy back in @6.60 ..after seeing management change and their forward planning i believe a sp of between $7.5 and $10 is on the horizon and i dont need charts to decide me

LNG Price at posting: $3.39 Sentiment: Buy Disclosure: Held
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