TSX:LSG.DB - Post by User
Post by
Allthewaydownon Jul 25, 2014 7:59am
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Post# 22781047
Neurotic Investors
Neurotic InvestorsThere's something a bit dysfunctional about the trading patterns of this stock. The fear and elation factor is like going around with a manic depressive. Gold has been range bound pretty well from 1225-1325 for months now, and LSG does fine in this range. Production is way beyond expectation, costs lower, and meanwhile they are drilling like mad to replace mined ounces, with a couple of good exploration projects as a kicker. Do we REALLY need a good news story every two weeks in order to keep the stock? Yet still people panic and the price is like a rollercoaster. Personally I have a core holding and a swing holding. I had a stoploss on the swing holding at $1.19, and now I'm just waiting to see how low it goes before I put it back in. If the tide takes us below a dollar then it is a good opportunity - after all the original rise was on real data, not just wishful thinking.