"There ain't no cure for the summer time blues".

1. We are well into the summertime doldrums. There is a view that you should sell all of your stock in the spring and buy in again in the fall. This is due to the summer doldrums.
2. Just as mining companies re-opened previously closed mines when the nickel prices hit never-before seen highs, some will close mines when the price drops. It is a fact of mining, that the solvency of the mines vary as the cost of getting the ore out of the ground changes. So, as the price goes down, some mines get shut down.
   
3. Management has achieved a lot, but they often miss their publicly declared schedules. So much so that now I find it hard to believe the schedules when they are announced. They would be best to add in a bit of conservatism in their forecast. As someone said, "Under promise and over deliver."

I am not watching the stock price as much as I am watching the volume (and the price of nickel). If these low prices were matched by high volume, I would be much more worried than I am.

Although I generally invest in less speculative ventures, another stock I own popped last week. In another sector, it was bleeding at a rate much like LBE. I bought it 3 weeks ago and it almost quadrupled in one day ( I did a little bit better than doubling my money on it.)

Why do I say that? The outlook for this company, and the buzz on the bulletin board, was much, much worse than it is for LBE. But it popped anyway. Let's hope we can see a reversal of fortune for LBE as well. Because it can happen. It just did.

So maybe there is a cure for the summer time blues after all.

P.S. Please join my campaign for creating "Olympic Nickel", the medal for all of the participants who come fourth or worse! ;)

Cheers,

Bluenoser