Ton of Hedge Funds and Momentum traders have piled into Cheniere...

Ton of Hedge Funds and Momentum traders have piled into Cheniere as one of the great trades of this extended rising market in the US, very well known. Even with a great future, Cheniere is a very crowded and one-sided trade that no one dared short or cash out until the gas started flowing or as we have seen, the market started to hate energy stocks along with issues in Europe and Asia that would be getting the gas.

Market turned sour and the "Big Money" started flowing out of all the "BIG" momentum names in quick order with only momentum sector still left from "correction" in biotech. Classic Hedge Fund chasing performance for this time of the year just like this LNG.ASX....short everything down making money and scaring off the little guys and then buying it back on the cheap to make money to close the year.