why today's plunge, page-5

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Timbogold

1,049 Posts.

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07/10/14

11:57

Post #: 14085190
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Originally posted by possum2 ↑

gomine,

""any thoughts of today's plunge?""

For what it's worth, my gut feeling is that we are seeing stock being bought and sold to flush out sellers and create an opportunity to buy stock at levels it may not have been able to be bought.

Yesterday we saw over one million shares traded at 3 dollars and less.

Had these games not being played I do not think anyone following this story would have thought that was possible a week ago.

But hey presto they managed to do it yesterday. Create enough confusion and panic and anything is likely.

In my opinion there can be no other explanation other then to create an uneasiness amongst shareholders to convince them to actually sell their shares and thus create the liquidity in the stock.

If some insto was standing in the market with a big buy order want to accumulate stock, the market would soon work it out, and the shares would ultimately go higher and they would not get the shares that they are after. So what better way then to create some panic.

As a shareholder in LNG one is now considering whether they should perhaps get out and say thank you or stay along for the ride.

The last few days of frantic activity has planted the seed of doubt in peoples minds. This is exactly what they wanted to achieve. And it's fair to say they have been successful, because even the most loyal shareholders are now asking themselves this question. DO I SELL OR DO I HOLD. ????

In an hour and a half of business, another 2 million plus shares have found their way into the market place
at an average price of 3.33c

That speaks volumes from where I am sitting.

Expand

And for anyone seeking reassurance or wanting to look through the current market noise, listen again to the webcast broadcast from the recent Perth investor presentation available on LNG's website http://lnglimited.com.au/irm/content/webcasts.aspx?RID=328

Pretty clear to me some instos want this stock hence the intra-day volatility.

Also worth noting Baupost, Vallinor, Fairview & Claren haven't issued revised SSHs notices.

LNG Price at posting: $3.25 Sentiment: Buy Disclosure: Held
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why today's plunge, page-5

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