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Makes sense. I made the dumb mistake of buying yesterday after the 10% fall. Not sure why we're still falling. Should go up soon...$3 should hold
Scaling in with half position....what does that mean . you doubling up or selling half
Well down another 5-6% today....two days wipes out all gains for 2-3 months. This is why I hate being long sometimes lol
Jesus....I recently sold and got back in few days ago lol what a terrible entry. Too many shorts from our side too.
Was a blood bath in the US today all over the market....probably following us in that regard.
The same bottom as last week? But oh wait it went to 8 then....so ...let's not apply logic...let's not apply charts....just listen to one guy who said stock is going to $4.
I don't know. 10 is support. I sold at 18 and haven't looked back.
Lol this guy....bottomed out? That's funny cuz both pos and I bought during the real bottom of 55. We been in this stock much longer than you probably...you think this stock is going to $4? Lol then why don't you put all your money into it and show us screen shots of how many shares you own? Talk is cheap my friend.
Not sure why we down today....we should be at 3.82...I guess adr stock is dragging us down.
R/S is not a big deal....worry more about the shares that are coming in to dilution whenever the financier decides to start selling. Good news is when that is over the stock will go up so get some patience...if you don't have any then sell now and wait for stock to go down, then do a R/S ....stocks usually fall after a R/S but in this case it's only 5:1 not a big deal
Why do you keep pumping that stupid CNBC crap? It has absolutely nothing to do with MINE....vitamin water is something entirely different.
You realize if this was true then he's spreading insider information which is illegal for which he'll go to prison right? ...so think again before you believe someone on the internet spreading information before an actual PR is out.
LNGLF vs LNGLY
A user on the hotcopper boards sent an email to LNG on ASX and they provided a great response which is below:
http://hotcopper.com.au/threads/lnglf-vs-lngly.2362489/page-10?get_post=true#.VB-C6hZJNDJ
I sent an email to the company a few days ago as I was concerned about the difference between these stocks. If and when the company goes public in the US, I don't want to lose value in the LNGLF shares if these are the wrong ones to be holding. Response below...
Thanks for your email and interest in the Company.
Magnolia LNG Project and Bear Head LNG Project are 100% owned by Liquefied Natural Gas Limited (LNG Ltd), an Australian company. When you invest in LNGLY, or LNGLF you are in fact investing in LNG Ltd shares. Our ticker code is LNG on ASX (Australian Securities Exchange).
LNGLF are our shares but not on the platform to trade that we are promoting, we are promoting LNGLY through ADR’s with Deutsche Bank. The LNGLF shares are trades made by market makers without the support of the company where the market maker goes and purchases the actual shares on the primary exchange of the company (in our case the ASX). There is no ADR ratio here, it is always 1-to-1. Also, since these shares aren't held in a custodial account they generally can't be purchased on margin. These are often very low volume listings, in the case where a company has both a Y and a F listing, the ADRs (Y listings) will, once established, have much higher volume than the F listings.
LNGLY shares are ADRs with Deutsche Bank, being the depositary institution holding the local shares. This is a sponsored ADR (with LNG supporting the listing). As these are ADRs an ADR ratio (in this case 40 LNG shares per ADR) is in effect.
Below is a bit more information on our American Depository Receipts (ADR’s) that are sold in USA on OTC market under the ticker code LNGLY.
Liquefied Natural Gas Limited maintains a sponsored Level 1 American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas (Deutsche Bank). ADR details: Ticker: LNGLY Structure: Level 1 ADR Exchange: OTC Ratio (ADR:ORD): 1 : 40 DR ISIN: US53632G1094 CUSIP: 53632G109 Contact details for ADR investors and brokers: Deutsche Bank ADR broker services desks New York: +1 212 250 9100 London: +44 207 547 6500
Also, to answer your other queries, yes the LNGLF and LNGLY stock is part of our issued capital. If we decide to list on another US exchange (ie NYSE of Nasdaq), these stocks will be converted at the time.
Kind regards
David Gardner
Company Secretary
Liquefied Natural Gas Limited
On some days yes, but on other days no. It usually evens out to be the same, because the losses are usually higher too. The only thing is I have a position since May which means almost 5 months...wondering if it's worth it to ride it out a year to take advantage of taxes....otherwise I would have bought LNGLY. Might still consider it.
Red tomorrow. Seems some aussies don't like seeing the stock being at 4.50 and have been dropping it 2 days in a row.
Falling wedge pattern break
https://pbs.twimg.com/media/Bxru923IUAAD7Hs.png:large
needs volume!! Then we'll see this thing run. Btw, it hit very close to 14's today before EOD profit taking/bid whacking.
Falling wedge is here. Check out this pic from twitter:
http://oi60.tinypic.com/ejgeh5.jpg
With bullish volume and break of trend expect this thing to pop otherwise it will fall if it goes below that bottom trend line and closes there.
Enough of the dumb posts talking about "Market makers are dragging the prices down". Do you realize how idiotic that is? Is this your first time trading? Market makers aren't doing anything. It's people selling their stock to lock in profits because there are still people holding from when this stock was 0.055 cents. Then you have those who bought higher at 18's and are sick of seeing their account in red so they sold to cut losses. I don't know who you are fooling by thinking the 'market makers' are manipulating the stock price....you do realize there has to be someone to buy and sell the stock right? People like you and me. You really think billion dollar market makers are wasting their time dragging a stock down a few cents so they can make $200? lol what a joke. And while i'm at it, Santa is not real either.
In seriousness though, all BS aside from these pumpers, DRIO needs a few days of green for golden cross...just have patience and wait for it. If you don't want to, then sell and buy back later once it's confirmed.
The dilution is already long over you dingleweed. Learn how to read before you go around spreading false information.
Golden cross monday. Saw this on twitter:
https://pbs.twimg.com/media/BxSX90QCAAA3Swi.png:large
Also pennylords1 has had this road map a week + ago and he's been on point since day 1 https://pbs.twimg.com/media/BxRxDmACUAA_9HN.png:large
People don't want to sell...ask is allowing for a bull run but too many lazy bastards just sitting on bid waiting to get whacked. Too many impatient people this morning doing the whacking as well...luckily there's enough bulls to keep this afloat.
I'm getting kind of fed up with some of you pumpers in here...talking about $4.8 billion lol get out of here with your non sense. Anyway stock lost morning momentum due to some noobs not knowing how to sell stock properly and putting huge asks...usually what happens when amateurs are involved. There needs to be some bullish action soon in the afternoon or that is going to ruin the chart and create a double top...and you should all know what that will do tomorrow.
lol troll. I will say DRIO will get to 50 cents again...one day
##GUYM indeed
I wonder if we should switch our stock and sell LNGLF and buy LNGLY. I say this because LNGLF is not exactly recognized by LNG:ASX I think.....they were just shares bought from MM's that were later bought by us and have been traded amongst us....I dunno...I guess technically we own LNG:ASX but i dont know lol
I've been burned many times holding so my new philosophy is to take profits on the way up and I sold at the top as well, and rebought. The only reason not to take profits is if you plan on holding for a year to get the 15% tax break..otherwise it's pointless...make more money by buying dips and tops...but of course there is always the chance that you sell and it sky rockets :)
Dilution stopped back on Monday....that's old news. I'm not disagreeing with you ..I do think it still has a ton of room to move...
Unfortunately I bought and sold within 15 minutes, but made a decent 200 profit. I originally bought this on the dip back at 0.055 and sold at 13 a week ago and made some good money. I might get back in if I see volume doing better ~10 mill +
Word on the street? The only word is you starting this rumor on ihub and trying to make some credibility out of it.
Sorry, but the EOD action was created by me. The price was doing nothing, and I had some money so I bought 15k shares of the stock and then a few others followed immediately and the stock went from 10% to 22%....that's all it was.
LNG on ASX is going to be upgraded to the ASX200. I guess it's equivalent from going to OTC to nasdaq? lol
after hours is not 'that' hot, but it is only 7 AM est so I expect it to pick up at 8:30 or so
No it's 8.33
What chart? Show it ..back your words up
Typical LNG ASX ....get good news...get the news we wanted and were waiting for....and morons are selling. And I don't mind people selling...I get it take your profits...but no need to be an ass about it and put up huge block orders on ask which just ruins any momo
Hah you can look at it that way too. There seems to be a bunch of sellers on ASX side who are just trying to get out thus are dragging the SP down. I can understand though because there are many who were in since 20 cents etc.
I really wish we weren't associated with LNG on ASX...sounds stupid I know considering they are the main company and we are just a puppet....but they are holding the US stock down in my opinion.
Orca would be an interesting MM. I think you mean ARCA though. Either way yes I agree I feel like although they have issued the 49 mill shares, not all of them have hit the market. If my assessment is somewhat accurate, I'd sadly say that there is still a good 30 million shares left. Now whether or not they want to sell now or wait for the pps to go up....who knows.
In the 8k though it did say they gave them shares at 80 cents a share or something to get a valuation of $4 mill...so now that the stock is at 5 cents it doesn't make sense for them to keep diluting because they will never gain the $4 mill.
That's a shame. I expect they still have 30 mill shares to sell IF they started selling on August 18th from the crash...that being said someone else mentioned in an email they got from someone at the company that the dilution is over and that it started in February 2014...