Is Selling All-time Stock Like Dynagas LNG Partners LP (DLNG) a Winning Strategy?

The stock of Dynagas LNG Partners LP (NYSE:DLNG) reached all time low today, Aug, 15 and still has $1.11 target or 6.00 % below today’s $1.18 share price. This indicates more downside for the $41.88 million company. This technical setup was reported by Barchart.com. If the $1.11 PT is reached, the company will be worth $2.51 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 3.28% or $0.04 during the last trading session, reaching $1.18. About 56,247 shares traded. Dynagas LNG Partners LP (NYSE:DLNG) has declined 82.17% since August 15, 2018 and is downtrending. It has underperformed by 82.17% the S&P500.

More notable recent Dynagas LNG Partners LP (NYSE:DLNG) news were published by: Seekingalpha.com which released: “Dynagas LNG – A Trade That Returned 90% Gives Us A Second Bite Of The Apple – Seeking Alpha” on July 05, 2019, also Globenewswire.com with their article: “ROSEN, A TOP RANKED LAW FIRM, Reminds Dynagas LNG Partners LP Investors of the Important Tuesday Deadline in the Securities Class Action; Encourages Investors with Losses in Excess of $500K to Contact the Firm – DLNG, DLNG-PA, DLNG-PB – GlobeNewswire” published on July 12, 2019, Seekingalpha.com published: “This LNG Carrier Just Doubled Its Backlog And Time Charter Duration – Seeking Alpha” on April 04, 2016. More interesting news about Dynagas LNG Partners LP (NYSE:DLNG) were released by: Globenewswire.com and their article: “Dynagas LNG Partners LP Announces Closing of its $55000000 Public Offering of 8.75% Series B Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units – GlobeNewswire” published on October 24, 2018 as well as Seekingalpha.com‘s news article titled: “Dynagas LNG Partners LP: 16% Dividend In A Growing Industry – Seeking Alpha” with publication date: March 14, 2018.

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company has market cap of $41.88 million. The firm owns and operates liquefied natural gas carriers. It currently has negative earnings. As of March 20, 2017, its fleet consisted of six LNG carriers with an aggregate carrying capacity of approximately 913,980 cubic meters.

Dynagas LNG Partners LP (NYSE:DLNG) Ratings Chart

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