Nothing wrong with taking profits . However there were many that took profits when LNG raced from 3 dollars to 4 dollars in very quick time recently only to now see it get to 5 dollars in even quicker time. .
If profits are to be taken, you must first consider if there are still more announcements pending. If you think there are then taking profits could prove to be a mistake.
I believe more news could be on the way, so it may well pay to wait a few more weeks before jumping off.
I mentioned yesterday that I expected some news could be on the way. It happened quicker then I had anticipated, but I will take those announcements any day of the week.
Have a good weekend all.
LNG Price at posting:
$4.80 Sentiment: Buy Disclosure: Held
