LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Reversal to previous prices in the near future?

[Heffé]

Are we just witnessing the fallout from the QE news and one people are done panicking will the price stablize and move back up over $1? We help above $1 even when POG went to 1180ish, So why the drastic SP slide right now?

[TraderRookie]

I am in same situation as you are Heffe....I have stopped following the forum...No point wasting time looking at people's comment...I think the compnay is strong but majorly depends on Gold. It is a small company so get greatly influenced by Gold. The only way is to keep the money in this stock for a long time. Sooner or later the stock will go up as the compnay is doing very good. Only one

[mary-ally-smith]

Just turn the computer off and stop watching the daily action unless you're an active trader. This too shall pass.

[sens93]

Everything is being sold off, look at SMF the last 2 days.....insane.  Look at the GDXJ, down 7% today. 

[Heffé]

This is insanity. It's 2011 all over again. Wipe out any gains. 

[LexMark747]

No doubt there is downward pressure on the precious metal sector. We have also entered the tax selling month of November where people decide to unload stocks that they think they have made a bad decision on in order to claim the tax lose on that or those investments. We are in the capitulation phase which will last 2 to 3 weeks. This doesn't mean that LSG will fall every signal day for the

[mary-ally-smith]

I agree with you Mark. I added at .99 and .93 and I'll be ready to add more. 

[Heffé]

Why wouldn't one sell off their position now and re-buy back in the lower prices locking in whatever they have left in order to accumulate more shares?

[mary-ally-smith]

Hold on for another rocky day today. I will be buying more.

[Heffé]

Looks like pre-market are holding yesterdays levels. We aren't in the clear yet. If we can maintain SP here these are steal great prices to buy in at. If I had anymore liquidity I would be buying more as Mary-ally-smith is doing. I'm not sure what Tony's game plan is should POG fall any lower but I do hope he has one to keep the company humming and the vultures away. We are worth more

[sens93]

Becareful here, a close under $1180 would break the triple bottom support. I would wait for a close under $1180 before i throw in the towel. If it does break, then the chart simply looks bad. If gold drops to $1050, I would think you could buy most gold stocks lower.

[ERTguy]

Looks like gold just broke the support level.  It may still be considered a support level for gold depending on how investors treat it, but I anticipate gold becoming a falling knife in the same way oil did earlier this month.  That being said get ready for a buying opportunity.   This is where LSG being a low cost producer will stand out amongst the rest in the future.  This

[TraderRookie]

Heavy fall in the Gold Price. Gold reached $1165...Hope LSG Stock doesn't fall heavily...This stock is damn risky....

[BrahmaViddo]

LSG will close between 0.70 and 0.75 today

[mary-ally-smith]

A few weeks ago I made fun of someone who posted the next stops were .90 and .70. That poster might have been right on. 

[TraderRookie]

The way it is falling..You never know it might hit 0.50....Cant predict anything now...

[bigdaddycash]

based on current price of LSG, mkt cap is $285MM USD.  company could be taken out at a fraction of book.  if LSG is a promising producer it has to be taken out at these levels.  gltals.

[chapulin]

Taken out by whom??? ABX ? G? Almost more likely LSG will take THEM out in this environment.