14 million shares traded in 3 hours?........... day traders at...

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chanythechamp

25 Posts.

05/07/17

13:48

Post #: 25679211
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Originally posted by possum2 ↑

14 million shares traded in 3 hours. I am not sure who would be selling at this point in time. This could very well be the start of many good things about to happen.
I think those that are selling now are either very brave or don't really care about the opportunity they COULD be throwing away.
Reminds me of a few years ago when there was plenty of selling in the low 20's when Stonepeak first got on board. Then there was plenty of selling in the low 30's. Plenty of the same in the low 40's, the 50's, the 60's etc etc.
When we got to the dollar mark many thought it had run too hard and I remember telling people to ignore the down rampers. Many did sell because the chart was telling them LNG had run too hard. The same charts were telling them at 2 dollars that it was a BIG sell. Many sold and left plenty on the table as it surged to 5 dollars. Many were left to wonder what if.
Many of course who could have sold but didn't, were also left to wonder what if.
Where does it go from here. To be honest I have no idea. Ask me that question when they hopefully announce BTA's in the coming months..
But one thing I do know, and that is the announcement today has taken away plenty of the risk that was hanging over their head 24 hours ago.
Given where we have been I reckon right now LNG is a reasonable punt. One good announcement in the next couple of weeks about a signed tolling agreement would ignite this share price and those selling today would have wished they hadn't.
Plenty of those selling today are obviously believing that this won't happen.
If it goes into a trading halt, then the opportunity in buying back at these levels would have been missed.
As I said, one good announcement will throw the cat amongst the pigeons.

Now wouldn't that be nice ??

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14 million shares traded in 3 hours?........... day traders at play

Last edited by chanythechamp: 05/07/17

LNG Price at posting: 69.5¢ Sentiment: Hold Disclosure: Not Held
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14 million shares traded in 3 hours?........... day traders at...

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