TSX:LSG.DB - Post by User
Comment by
Wanabdetfreeon Sep 23, 2011 3:00pm
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Post# 19077834
RE: Valuations
RE: ValuationsI completely agree with you Maurizion. Absurdity rules the day, not just with LSG but with the major hit on gold today and the miners. Didn't have stops set, so I just moved from a short-term trader and became a long-term investor. Just wish I had more cash on-hand to average down, looks like we may hold the support in the $1.50's. The chart for LSG has been brutal for a while causing this 2-day hit on gold and the sector to hit us much harder than most. Even awesome charts like TMM are down over 10% these last 2 days.
Definately a gut-check time and a good one to review the fundamentals on gold and the miners... or join the crowds and lock in your losses by selling. Personally I don't like the thought of giving away my shares so cheaply.