TSX:LSG.DB - Post by User
Comment by
LexMark747on Aug 14, 2014 3:11pm
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Post# 22843160
RE:RE:This is only an expected correction.
RE:RE:This is only an expected correction.Hey there TraderRookie ..... I myself play with 20,000 shares. I do have a substantial amount that I do not play with. Those shares are long and strong. I sol 20,000 shares @ 1.36 and immediately put a bid back in at 1.12 which I have changed recently to 1.15. I'm looking at the 50 DMA as a buy back. A 50% correction of the last run fro 0.69 to 1.40 sits at approx. 1.04. So do not be surprised if it does retrace 50%. Don't panic and sell. The future is very bright for LSG. When you think of selling just remind yourself that LSG's AISC sits just under $900.00 an ounce. that's impressive. Mark