LNG 2.50% 19.5¢ liquefied natural gas limited

We get a BTA anytime soon and that red number will be positive...

  1. 1,198 Posts.
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    We get a BTA anytime soon and that red number will be positive soon enough cutty.


    That said, I'm, as usual, a little sceptical of the price action. Yes it's based on a likely conclusion to the trade war, and yes that should see our chances of a BTA sooner than later. But that single buy order of 1.5 million odd shares at 57 cents looks more like a prop than a serious order. If tomorrow is a little weak, I'd nearly bet that it'll be moved as the SP drops to 57 c. If I was a buyer of that many shares I wouldn't be putting the buy order there for everyone to see.


    Just my opinion, and I'd happily admit I'm wrong if the SP continues its upward trend. A big sell into an average quarterly seems more likely to me.

 
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