Posted by fixdgear on 20th of Jan 2011 at 09:40 am
not sure if buying down here is prudent...im long stock and june
options..plenty of time...but if u wud have been avging down you
would be bleeding even worse now.
Averaging down is an option here
but I have taken the prudent stance of taking profits on all of
these “minnows”. There is just too much risk here with the market
being inflated and it will take a very strong stock to buck the
trend. They are so far extended over their key Moving Averages that
some form of mean reversion has to take place or a lengthy pause at
the very least. I am now in a defensive stance and my personal
watch list/scanner is searching for short opportunities rather than
longs
Posted by steve101 on 20th of Jan 2011 at 10:35 am
I posted this in Oct of 08, when it was below a dollar, because
I figured the investment in infrastructure to produce LNG was too
valuable to be allowed to go bankcrupt. It popped to $5 and I was
out. I think it can easily come back to the 4.66 area so be
careful.
LNG
LNG
Posted by fixdgear on 20th of Jan 2011 at 09:40 am
not sure if buying down here is prudent...im long stock and june options..plenty of time...but if u wud have been avging down you would be bleeding even worse now.
Averaging down is an option
Posted by vimal on 20th of Jan 2011 at 09:52 am
Averaging down is an option here but I have taken the prudent stance of taking profits on all of these “minnows”. There is just too much risk here with the market being inflated and it will take a very strong stock to buck the trend. They are so far extended over their key Moving Averages that some form of mean reversion has to take place or a lengthy pause at the very least. I am now in a defensive stance and my personal watch list/scanner is searching for short opportunities rather than longs
Trend line support at $6.15 for
Posted by ditch on 20th of Jan 2011 at 09:56 am
Trend line support at $6.15 for LNG
nope not buying yet looking at 5.92 i own it i dont do margin or options like i said
Posted by desertrat on 20th of Jan 2011 at 09:42 am
up nice on qid and sds though glad i did do that haha
LNG
Posted by fixdgear on 20th of Jan 2011 at 09:49 am
do u really expect to see $5.92?.....if so i wud dump it all now and then buy it then.
LNG
Posted by steve101 on 20th of Jan 2011 at 10:35 am
I posted this in Oct of 08, when it was below a dollar, because I figured the investment in infrastructure to produce LNG was too valuable to be allowed to go bankcrupt. It popped to $5 and I was out. I think it can easily come back to the 4.66 area so be careful.
thats 39 ema i use as support
Posted by desertrat on 20th of Jan 2011 at 09:50 am
lng been riding 9 ema for a while we will see what mr mkt wants to do. i havent looked at the pivots on this guess i better haha