Top up time, page-7

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.