LGL 0.71% $1.41 lynch group holdings limited

LGL Posters,I am a (relatively) inexperienced investor. I don't...

  1. 68 Posts.
    LGL Posters,
    I am a (relatively) inexperienced investor. I don't follow gold price or gold stocks, however I have kept my eye on LGL. I noticed last time it got to these levels it shot back up to nearly $3 shortly after. I have a few questions:
    1. Was this rebound expected?
    2. Is it likely to happen again from the current price?
    3. HOw much lower can this stick go?

    I have lost alot of money margin lending BHP and looking for opportunites to make some of it back. LGL looks like an opportunity at these prices. Am I wrong (e.g. is this stock on a downhill side with no bottom in sight) or are the gold experts expecting this to bounce.
    ANy help much appreciated.

    Macdog
 
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