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

This is only an expected correction.

[LexMark747]

User avatar LexMark747 2.5 stars User Actions August 08, 2014 - 05:14 PM 328 Reads | Post# 22824088 Rate this post 2.5 stars v A Pull Back Is Now Iminent For what its worth here is my 2 cents. The MACD and also the RSI are both showing a negative divergence. The candle stick for today ended up as a ( Falling Star ) The falling star suggests a change in direction ..... I'm expecting a pull back to at least the 50 DMA which sits at $1.05 today. each day it will climb. So no one get excited here as this correction is very normal. We have had a good run....it's time for a healthy correction.......so as I have said before just lean back and rest your head on a cloud.....don't panic and sell. That was my blog on August 08th. On August the 09 I also blogged on my selling price and my buy back price. My bid is a nickel above the 50DMA. Major support does sit at 1.00. Don't get excited .... this is a healthy correction. Stay long and strong ... Mark

[TraderRookie]

We dont mind correction Mark...Hope it comes back fast..otherwise people panic and sell... Especially first time buyers like me...I have no option anyways...just will wait for the stock to fall and climb again..Keep posting Mark...

[LexMark747]

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

[wannabeinvestor]

I think there is a general expectation that gold prices will move to the downside if and when geopolitical issues get resolved. also I think the mining space short term is a little overbought. I do not see the conflict in Ukraine to get any better any time soon. putin is mad and he cannot afford to lose face over the affair in Ukraine.  So I don't see any quick fixes, i.e. POG should

[goldhappy]

Hi Mark...I guess we should all buy in at the lower price which will bring demand and a higher price? The all rush to sell for that 20 cents gain. Similar as selling at 1.36 except putting up a little more capital ?? Good call and appreciate what you are saying to help us understand the stock price.