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

RE: RE: RE: Something is up

[Golfcar72]

From an accountants perspective, the tax selling will get pretty obvious in the next month or so depending on the tone coming from the Obama administration.  Reason being, is there will have to be compromises made fiscally with the sequester (fiscal cliff) coming up in the US and the feeling is the capital gains rate will be one of the items that Republicans will compromise on, agreeing to raise the rate from 15% to 20% or more.  Combine this with year-end tax planning there could be some significant downward market pressure.

 

That being said, Lake Shore is pretty well beaten up already and a bottom is firm in the low $0.80's.  I would be shocked if we went much lower.  If it does go back to the low $0.80's, I'm going to keep loading up...already got that average down to $1.30's, not much further to go.  Unless you're looking to unload for a loss or buy more, it's probably a good idea to tune the stock out through the holidays and wait until the preliminary production report comes out the 2nd week of January.  25k ounces or better and we're good for the year.

 

Happy Holidays, 

Golfcar72