TSX:LSG.DB - Post by User
Comment by
jpgoldilockson Mar 24, 2014 1:24pm
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Post# 22359805
RE:Why the 35% drop
RE:Why the 35% dropMany including the fed claiming US economy is improving, interest rates earmarked to go up, QE tightening increasing, Goldman reiterating gold under $1000, add on the recent write down, there is real risk that the bottom will drop out of this stock short term. Obviously, that's not certain, but there is enough negative pressure for me to have significantly lightened my holdings at .72 and .73 today. Still believe in LSG and hold some, and maybe I'll miss a big jump back up, but I'm going to wait for the dust to settle.