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Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Comment by mill44on Feb 18, 2015 7:00pm
105 Views
Post# 23441560

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anglo

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:AngloDepends what you mean steady. The best guess (taking everything into account) would be a trading range. If you do the math, between 17-20c or 18-21c there is a 15% move, enough for a range, no? Does not seem like much, but it is 15%. A move above 23c or below 16c would make me reevaluate this, but having the 52 week low (or better, a 5 year low) close by, it does not give you much room down. In my opinion it will take some very bad news for that to break.
It is not worth to try to predict the future, it's better to make plans for any outcome. The gain has to be worth the risk of an unfavorable move because both can happen. One has the better odds but that does not mean that the other cannot happen. Here, if you get in at 17,  the risk/reward is not the best, but the chances to make money are way higher than losing (if you get out). In my opinion you have better options out there for the next couple of months, taking into account the volatility. You probably have a base position already, in case a miracle happens, for the rest, if you are still interested, there will be better times (don't get upset guys, I did not mean lower prices, just better odds of making money).
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