We have to figure out what is driving LAM's stock price. It must be the ban issue. What else could it be for it to continue it's march up to 14 bucks?
If the ban issue is driving LAM, then if the ban is not lifted, the market will react, I think badly. If it does get wacked, I see a dead cat bounce, then a trending down over a period of months....until news of a possible lifting of the ban sends it back up.
The way this stock is trading we may see 18 bucks before the vote, at those prices (profits) how much higher could LAM go,even if the ban is lifted?
It may just be wiser to put the proceeds into lower priced stocks.
Yet, on that interview with Dines, he said he has a strong buy on LAM, but also mentions if the ban is not lifted Canadian stocks will become more valuable. So, your guess is as good as mine what the outcome will be with the vote. We need more info on this vote and how important it is, there could be other votes we have to get threw as well. |
