In a previous post, I mentioned that I expect further equity market weakness because of rising inflation and interest rates/rate expectations. I stated that I believe this will also affect Lake.
I still hold this view, and expect that there may be significant opportunities to top up between 60-70c. To be clear, I don't believe that such prices are justified based on fundamentals, but I think there is a strong chance that we hit them in the short term as a result of global equity market volatility (no later than mid-March).
Of course, forecasting macro equity moves is rife with danger, so there is a significant chance I am wrong. Nevertheless, I am holding my (substantial, for me at least) Lake positions and have a short position on the S&P 500, with at least some of the profits from the short position (if my thesis is right and they materialize) likely to go into more Lake.
My views only, and a good chance they are wrong, so happy to hear different views.
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Last
7.4¢ |
Change
-0.004(5.13%) |
Mkt cap ! $123.4M |
Open | High | Low | Value | Volume |
7.8¢ | 7.8¢ | 7.0¢ | $1.806M | 24.47M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 563741 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 685056 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 563741 | 0.072 |
10 | 1516634 | 0.071 |
20 | 1367290 | 0.070 |
7 | 645431 | 0.069 |
7 | 393622 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 685056 | 3 |
0.075 | 169008 | 3 |
0.076 | 84444 | 2 |
0.077 | 729624 | 7 |
0.078 | 416083 | 8 |
Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
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