LNG UPDATE

LNG triggered 12/30/2010 at $5.89, it's done well with gains as high as 19% on an intraday basis. The implied target from the pattern is around $7.50-it touched $7.01 this morning. At this point I'd be setting up a trailing stop. If you need ideas, email me.

While triangles have been heavily manipulated in the averages and higher priced stocks, they continue to perform well-as they are expected to in the lower priced stocks. The reason? Blackbox firms just can't make money on these low priced stocks.