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4.3¢ liquefied natural gas limited

Ha! Like this. We are also forgetting the correction is pretty...

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Gapeseed

6,615 Posts.

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08/10/14

10:29

Post #: 14091401
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Originally posted by sivart ↑

People were asking on the way up about whether it was a good time to buy. Now we are trading at a discount of 30% or more to those prices. Were those prices good prices to buy at in the long term? I'd say yes. $4.50 is cheap compared to where we'll get to in the future based on progress and present value. Are these prices now good prices to buy at in the long term? Clearly they are 30% better than they were. Should you be disappointed if you bought at $4.50 and you now see the price at a 30% discount; maybe, but only in the same way that you go into a store and buy something you consider good value only to see it temporarily selling a week later at a sale for 30% off. It's disappointing, but you can't predict short term price movement, and unless you are trying to speculate then it doesn't really matter all that much. The only other option is you were hoping to sell and can't wait, in which case yes it's disappointing that the price being offered is lower than it was.

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Ha! Like this.

We are also forgetting the correction is pretty much in effect. ASX inclusion, shorts, correction... Was always going to be a pull back but I didn't expect these bargin prices.

LNG Price at posting: $3.13 Sentiment: Buy Disclosure: Not Held
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