I think ppl need to look at the shorts for LNG. I believe it's...

I think ppl need to look at the shorts for LNG. I believe it's only about 4% overall which is relatively low. Correct me if I'm wrong.

What you need to know, is that there are insto offloading LNG at a relatively quick pace, for whatever reasons (e.g. bearish view on oil, portfolio rebalance).

From past experience, buying a stock when it hit a milestone (e.g. tolling agreement, BTA, finance secured...etc) are all but trap for new buyers. To some extent, some of the good news may already been priced it. Hence ppl who have expectation of a SP rising who mostly be disappointed. Which is why most ppl loose $ and only a handful winning.

Lessons is to have stop loss and tight spread.

To me, LNG at $2.62 is a bargain price to be had given it just dropped from $4. However I'm expecting more blood tomorrow (unless oil rebound, DJIA up). Having my powder dry to load up tomorrow.

cheers
pcyc