TSX:LSG.DB - Post by User
Comment by
TraderRookieon Sep 02, 2014 4:59pm
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RE:Here is / was my technical game plan .....
RE:Here is / was my technical game plan .....
I am a new investor and have done my thorough research on LSG...The fundamentals of the company are strong.
If you see the technicals of the company. You will find that LSG stock price does not always fall with the falling gold price.
What i mean to say is that..Gold is important factor for LSG stock, but it is not the only factor which influence LSG stock price. For the last one year, Gold fell many times, but LSG continued to rise.
If you are a long term investor, you should not be worried too much about the current stock price. Just give this company a year and you will see stock price around $2. Just keep in mind that company's cost is reducing, profits are increasing and debt is reducing.
These are the signs of a growing company.