Lakeland Industries, Inc. (LAKE)

[mrmustard]

some facts that LAKE investors won't like to hear:

The statement of LAKE in its press release is absolutely missleading,
everybody will think first, that THEY sold 160.000 units to the government.
THIS IS MISSLEADING STATEMENT and puts a red flag on them as a company.

It is even not clear if they sold even 1 unit to the government !!!!!!

Others are also 3M, regarding the current overall market correction (look at 3M)
will ALSO HAPPEN TO LAKE, TKMR etc.


LAKE ist just one of many companies that provide such products!!

There is a strong competition !!! Other SIMILAR companies are APT, Kimberly Clark, dupont .

Note that dupont already tripled it's production for the same product.

Investing in LAKE NOW after the sharp rise in share price is VERY RISKY !!

YOU COULD LOOSE 50% to 60% of your investment within a day or even a day !!!
LAKE loosing 50% to 60% in few days would not surprise me at all.

Accordint to the bollinger bands, it will bottom between 8$ and 10$ the next days.
Strong support at 8$, but NOT ABOVE !!!



It was a nice increase in share price, but TIME TO TAKE PROFITS !!!

Once the top level formation gets clearer, profit taking will take place the next days.

Only taking profit before the others will make you the gains.
The gains will soon evaporate mostly!


Note I took profits on Friday and want to warn you.
As longterm investment, I might buy again at 8$.

Look at TKMR which went e.g. down from 28$ to 20$.
The same will happen to LAKE.

Summary: Risk to invest in LAKE, APT is higher than ever, even compared to 2008,
when LAKE dropped from 13$ to 6$ within few days.