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LNG - Liquefied Natural Gas

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Occasionally complete insanity destroying shorters, makes for a good shorting opportunity. Intraday
 
notting said:
Occasionally complete insanity destroying shorters, makes for a good shorting opportunity. Intraday
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Which sane person would've been Short this morning? Or even Monday morning?
 
It was all about the announcement which was full of nothing new with funding required ahead.
The thing ran up on anticipation of the NY road show and nothing else it seems.
So a sane person would wait for the announcement wait a little longer for the turn and gone sick on it.
It's called selling the fact.:beat:
 

No argument there, Notting
Current oil prices (Crude above $50) would have helped as well.

yet according to Monday's reply to the speeding ticket, poor LNG had no clue what was happening
 
If only I hadn't gone swimming this morning. Could have done it again today!

ASX/MEDIA RELEASE 9 JUNE 2016 TAKEOVER SPECULATION
In response to an article in today’s Financial Review, Liquefied Natural Gas Limited is not aware of or is in discussions in relation to a takeover.
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Although I did leave a little sell on the open $1.22 in there Just not nearly enough!

Notes: The thing has come up from 45c for those who decided to stoke the rumour.
Currently it is $1.06.
If there were any substance in it, which there isn't, the offer would probably have been at $1 at the most!
Time has taught me to bet against Fin Review drivel.
Tomorrows opening will be far more realistic!!
 
What's stopping you piling on more as it breaks down? The opportunity cost of missing the better price this morning doesn't necessarily mean that the trade isn't worthy at the current level.

Just be careful of those crazy unexplained spikes
 
VSntchr said:
What's stopping you piling on more as it breaks down? The opportunity cost of missing the better price this morning doesn't necessarily mean that the trade isn't worthy at the current level.

Just be careful of those crazy unexplained spikes
Click to expand...

I'm selling on the reversal of spikes. It's already packed in about 13%.
Nymex has just cracked 50 so sentiment is still strong in the sector, what I am doing is risky so I am minimising that.
A reversal that I would extend beyond entraday for a substantial move would need to be done on a sector reversal.
Look what it did this morning! 13% is plenty for a few hours!
 
Neat retracement, and the Darvas Box of its reversal seems to have been broken.
I am accumulating as long as the resistance level (78c) holds as new support.

 
notting said:
Well thanks for the heads up any way.
Click to expand...

:1zhelp: With markets in free fall, it is hard to make a living from Long-only trades.



I sold early on Monday, not so much because of the chart, but in expectation of a jittery market.
However, LNG remains on my watch/ and shopping list because today's candle and volume suggest waning supply and a potential bottom reversal to come.
On the bright side: The gap below Friday's candle has now been closed
 
Can history repeat ?
I do hold based on daily chart, weekly looks even better and should close intact.

(click to expand)
 
Anyone apart from @Boggo watching LNG? A nice bullish flag formed through the middle of last week with a trigger bar today taking out last Thursdays high of 0.565. Considering the highs this got to in 2015 and the strength of the XMJ, I'd say this is one to watch.

 
Liquefied Natural Gas poking its head above resistance at 45c. It appears to have bottomed out at 40c as it did previously in late December 2017. Volume is pretty high today and it looks primed to break through 50c, which would appear to be a critical level.

Watching this one closely.

 
Quick update on LNG.

IDG Energy Investment Group Limited, an investment holding company listed on the Stock Exchange of Hong Kong and affiliated with IDG Capital, has taken a 9.9% stake in LNG through a share placement that has raised $28.2 million before costs.

IDG was issued 56,444,500 shares at 50c per share, representing a 14.1% premium to the volume weighted average price of LNG shares on the ASX over the 30-trading day period ending June 1, 2018 of 44c. Net proceeds from the share placement will be used in support of ongoing liquefied natural gas offtake marketing efforts, focused on Magnolia LNG, and for general corporate purposes.

A share placement at a premium rather than a discount to the current share price is an encouraging sign and demonstrates a huge vote of confidence in LNG by IDG Energy Investment Group. The LNG share price is up 5.5c to 49c so far today and looks set to take on 50c after spending the last few months trying but failing to break through it.

 
LNG up 8.25% to 52.5c this morning on good volume and with a solid buy side in the market depth. This looks like it's finally breaking out above 50c and is likely to go higher.
 
After spending the last six trading sessions consolidating between 55c and 60c on good volume, LNG appears ready to commence the next leg up. Volume is up this morning and the share price is poking its head above 60c.

 
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