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Lake Shore Gold Corp. Message Board

  • kentw007 kentw007 Nov 29, 2012 3:29 PM Flag

    Tax selling then up big in new year

    lot of people with loss in this and will sell in dec, good time to buy. Things look good for 2013

    Sentiment: Strong Buy

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    • Oh Yeah Baby.........drink some more Kool-Aid (jimmy jones).

      Sentiment: Strong Sell

      • 1 Reply to knee_o_fite
      • agree-you may get a slight bump in january, but management is just pathetic. so much for management being accountable to shareholders... obviously it is difficult for a company to fight hedge funds and the finance industry to whom the company must go for financing in the future.

        i wouldn't get too excited about a short squeeze. short interest is about 11-12 million shares. there are according to probably dated info by Morningstar, 7 funds/institutions (not including Van Eck, who is probably loaning the shares to the hedgies) with that stake or greater in the company--so just one major fund liquidating at year end would give the shorts someone from whom to buy and at an even lower price.

        ASIDE:
        one would hope for something more encouraging from management -- significant stock purchases in the open market (solitario), having major shareholders double down in a show of long term confidence, board could shake up management, etc. etc.

        it seems to me that companies where there is major management ownership (pretium, solitairo, mcewen), even in a category that has been pummeled (juniors)--these companies are trading off of 52 wk lows, despite in having no production (premium, solitairo), mines in inimical environment (mcewen -argentina), etc.

 
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