TSX:LSG.DB - Post by User
Comment by
Alchemist7on Feb 04, 2010 6:20pm
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Post# 16753870
RE: RE: RE: Mitchellb... Take off your blinders
RE: RE: RE: Mitchellb... Take off your blinders
Mitchellb25
Good summation! I have an old friend who was a broker and Gold bug in the 1980's. I always remember that he said the same thing as your last paragraph --- that pretty much any gold stock would go nuts.
He also stressed that during times like that ('80's ) you would see $ 50 down days in gold AND $ 50 up days aproaching the time when Gold becomes "in favor" . Well, we just had one of those $50 down days! He also said that "gaps" usually fill, unless breakaway or down gaps because of negative company occurances. So far, nothing but good news for LSG ( what little we get). This thing gapped down @ $ 3.11 ---- 3.05.
On another matter ---- it would be interesting to know WHY insiders sold at $ 4 ??? I don't believe it had anything to do with the company , but I suspect it had more to do with World/ Gold events. These guys pay for this type of information. It sure would be interesting to do a private interview with an insider and find out just what they knew in advance about the World/Gold/Banking developments? HOC also pays for information, but could it be that they paid a premium for LSG knowing what the ultimate future will be?? If they waited for THIS event ( down period) to decide to buy into LSG, perhaps other gold companies could afford LSG and would be aggressive to the point that HOC might have lost the aquisition of LSG? Makes me wonder how many other companies are buying LSG shares at these depressed prices, now.
As Always, Best of Luck
Alchemist7