Cheniere Energy Inc (LNG)

[andrius]

LNG is toast do not buy the dip. Its only traded this high for couple months only after massive run from $4. It doesn't have any kind of long term base or support up here. Its still grossly overbought near $70.

Drill now is sell and short any bigger bounces. Market as a whole is probably peaked too. Seculiar trends to upside generally last 5-8 years and we going on year 6? After biggest % bounce from lows in such a short fashion ever? What comes up eventually comes down and the higher it goes without pulling back the harder it pulls back.

Pissed LNG didn't bounce back to 80 area was going to load up heavy on puts. Missed some big $ there but there will be a bounce to lower highs for another opportunity. btw not trying to piss on your long positions but nothing keeps going forever and if you don't take the gains you might not have them. Probably a good time to start going into cash and look to buy year or two down the line when blood is in the streets and everyone is scared to buy. 5 years of buy the dip training is over IMO