To my great disappointment, following the Q3 earnings release from Golar LNG (GLNG), the company posted a loss for the quarter and skipped a dividend payment because it purchased a new ship. The stock was initially taken down to its 200-day moving average at $18 before rallying back, but it is seeing selling pressure again today.

After speaking with the chief financial officer this morning, I understand that the company may begin paying dividends in the future, but at a much lower rate than the past year.

In addition, the 14-cent loss per share incurred for the quarter was attributed to what Golar called "interest rate swaps," meaning the company is engaged in securities that are exposed to troubled sectors of the credit market.

My concern is that the stock might fall back to $18 and we'd give up all our gains. Fortunately, most of us bought the stock at $17 to $20 and we can still book a profit from the sale of the shares today.

Companies that fail to pay dividends don't make the cut with me and GLNG is now off our Buy List. Sell Golar LNG (GLNG) at market.

I'll see you Wednesday with the Weekly Update,

Bryan Perry

Editor The 25% Cash Machine