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

Friday

[rollon]

I deal with a company called 5 I research. They let you ask questions etc. My question was on Friday's activity. I got the standard answer about re-balancing. I followed up with a second question and I am posting it for your info. Question: Thank you for answering my question on Lakeshore gold and the 47 Million shares that went across at the last second of trading of Friday. Just so I am clear about what you are saying is that Portfolio managers decide to adjust and re-balance so they either sell or buy and in this case they sold. In this case (if I understand correctly) it was decided to sell off 47 Million shares and that happened at the last minute. In effect it didn't drive the stock down more than 5%. Obviously. Also there were enough buyers to absorb 47 Million shares. Is this correct and if so does it not speak to the strength of this stock. One would think that this off loading of 47 Million share would cause the price to plunge by a lot more than 5%. This was 30 times more than the daily average. Thanks You. 5i Research Answer: Essentially this is correct; there was a 24.7 mm share block down after the market closed, and this would have been a pre-arranged trade with a buyer. There were also 4 blocks of 1 million or more shares, all done after the market closed. There were enough buyers, but we would not take this as either a bullish or bearish sign. The stock was down 9% on the day, and all these big trades were done at the same price, so that is simply the price it took to move large volumes of stock.

[yoda2]

Is it possible that we retail investors are valuing the stock higher than the professional investors.?

[rollon]

Not sure but I maintain that for this stock to absorb 47M in one go speaks to the fact that the bottom has certainly been put in place by the professionals. Now we need positive drill results that add to the reserves. Everything else is in line.

[sens93]

That "bottom" was at .80, now we are at .72. Wht say you now?

[BrahmaViddo]

I say this stock has no bottom. But the LONGS wont believe it....

[mary-ally-smith]

Brahma, many Canadian banks offer GIC at 1% interest... and they have bottoms. Go for it!

[Goldhound3]

Ask Mary she didn't believe me when I said we were gonna hit .75 last week..If the selling keeps up we will see.65 by weds

[mary-ally-smith]

Gh3, it was .60's. not .75 YOUR POST

[rollon]

I say the same thing. We are now getting out of tax selling. It will revert back to the mean very quickly. Hope you got in.

[sens93]

"revert back to the mean" a statment with zero value.

[rollon]

Not sure what you are saying. I am quite comfortable with the situation. The mean in my estimation, based on all current operating metrics and discount to NAV, is about .80. What's your assessment?

[sens93]

"The mean in my estimation, based on all current operating metrics and discount to NAV, is about .80. " Ok show me the math that backs up that the "discount to NAV" is about .80. Because to me this means nothing.

[rollon]

Notice that there is a coma after estimation and NAV. Regards

[sens93]

Right......... so B.S.

[rollon]

You seem to demonstrate more emotion than financial acumen. Still waiting for your read on things.

[sens93]

Oh I am sorry "revert to the mean" is accumen? How about proven right moves, and actual profitable trades like here: https://www.stockhouse.com/companies/bullboard/t.lsg/lake-shore-gold-corp?postid=22821747 and here: https://www.stockhouse.com/companies/bullboard/t.lsg/lake-shore-gold-corp?postid=23070191

[rollon]

In finance, mean reversion is the assumption that a stock's price will tend to move to the average price over time.[2][3] Using mean reversion in stock price analysis involves both identifying the trading range for a stock and computing the average price using analytical techniques taking into account considerations such as earnings, etc. When the current market price is less than the average

[sens93]

Wow this is great practical advice.  So what mean shall we use?  The 5 year, 2 year, 52 week, 10 week, 10 hour........ and doesnt this contradcit "the trend is your friend'? Gimme a break.   I get so tired of useless advice like this.  YU know what golds 20 year mean is slightly under $500...... shall we revert to the mean?

[rollon]

I should have known better. You are obviously a financial midget who has nothing to do but annoy people on boards. You probably come from a genetically challenged ancestry. This will be the last communication with you.

[sens93]

Yes a total midget..... a midget that told this board to sell at 1.39 realtime at the highs..... and to sell if the shares broke 1.00. But hey...... you think well revert to the mean!!!! Clearly I have brought some actual value here, and dont just post useless overused phrases.

[wolfe1]

Sounds like a well organized tax loss rebalancing, many other stocks had similiar action, massive volumes with minimal change in share price.      Otherwise I do not see the purpose of the pre planned buying & selling on massive volumes ?

[FrogEyes]

When they talk about rebalancing, they're talking about ETFs. In this case there were a number of gold companies that were included in the Market Vectors Junior Gold ETF. In order to make room for those companies to be included they had to lower the weights of other companies in the ETF. It's like if you wanted to buy a stock and you didn't have cash so you have to sell a bit of

[oldblinker]

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