Peregrine Diamonds Ltd. PGDIF

End of day uptick - close at 20 cents

[ekim]

Nice to see the end of day uptick.

Another change from the usual 500 share downtick almost every single day.

LONG...PGD

EKIM

[maintenance1]

The regulators are quick to make sure PGD uses all the approved words. The regulators are quick to demand explanations when there is a sudden price move upward. Where are the regulators when 500 shares drops the price and sets the close day after day after day.

[mill44]

I talked to them and they could not see anything that should have led to action. One thing in their favour,, they called me back promptly and spent enough time with me on the phone so I would not be able to say that they wanted to get rid of me.

[Fivecarat]

Realistically how can you stop and individual or entity from selling at the close a penny off the market? At least now the transaction has to be at least 500 when a few or more than just a few years ago it could be only 50 shares. Does a penny really matter anyway? I know some say they dont care about the price but I think most do in a physcological manner. How many times have you wondered making

[maintenance1]

You can't. Nor would you want to. You can however, do away with this anonymous house 1. There is no good justification of anonymous. None. It's only purpose is to conceal. It is not above board. It is in the shadows.

[Fivecarat]

I'm not sure why anon trades bothers so many people as all trades are really anon ecept you know the house that is trading which causes just as much paranoia as anything. Just because you know which brokerage makes a trade does not help in your investment strategy, does it?

[maintenance1]

You're right. It really woudn't make much difference if you saw which house was trading. Anonymous just has a bad appearance. To me it looks shady. 

[mill44]

Anonymous is supposed to allow an institution to buy or sell large amounts of a stock that has less liquidity without alerting others about their intention. Unless they can do that, funds or big banks could shy away from cheaper stock. That would not be too good for those and most likely you either. But like everything else, it can be used for good or bad. An institution could sell under Anon and

[Fivecarat]

I guess I'm just a little stupid in that I don't really pay much attention when making my investments what anon or other houses are doing. 

[mill44]

But you do look at the price when you make your decision, no? So if others pay attention, implicitly you do, too. Even if you don't realize it.

[Fivecarat]

With all do respect of course I look at the price, but what does that have to do with the topic of anon and brokerage houses information? Thx

[maintenance1]

As mill described, anon can be used to manipulate the price and even spook others into trading where they otherwise might not. It can be done without anon too. Anon just makes it more maddening! I understand the arguments for anon, I don't think they are worth it. I prefer transparency.

[mill44]

Price is the result of the actions of market participants, no? If people are influenced by what they see on the tape (anon or one house buying or selling constantly), that will be reflected in price. So if you trade the price, it is there partly because of anon buying or selling. Even if you don't believe in something, it is good to know about it because if enough people care about it it will

[Fivecarat]

I just don't think a spec stock (diamond exploration stock at that) can be analyzed so definitively using moving averages and so forth when it's the exploration results and timing of such that drive, or should drive, the SP.  Without this latest NR, we would still be at sub .14 and would have stayed there or lower without using some kind of technique to gage where the price was going,

[Fivecarat]

A great research article, a little long though, is: Why do traders choose to trade anonymously?  By Carole Comerton-Forde

[mill44]

Your argument is interesting, but I still have a few questions. One would be why, with all the data known for months now, did we drop to 13.5c? The other one is how come the information we got on Monday did not do anything on Monday? And one more, and I could probably come up with a few more, would be if the info we got on Monday was so important as to move the stock 40%? Nothing will tell you the

[Fivecarat]

What data are you referring to that was known for months? Many times it has been the case when good news on an exploration stock has a day or even two delayed reaction, so I don't think thats so incredibly strange and in fact, a delayed reaction usually results in a longer uptick, lasting more than just one day. Why did it move up 40%?  Not exactly sure, not Gauwd after all or that

[woundedknee]

Carat..I agree with your delayed reaction assessment. Sometimes a company will put out good news(especially juniors) and nothing happens for a day or two, then bang it moves quickly. When you are talking percentage..down here you are only talking a few pennies in terms of the 40 percentage figures mentioned. For those who were fortunate to be able to buy, for example, 100k down here it represents

[Fivecarat]

Mill, you claim as you say that you were correct on the direction and moves on this stock, yet you stayed long, I believe you are long.   So the question is: if you knew what was going to happen, why did you stay in Pgd? Thx.

[mill44]

I got out of half my position before the warrants came out, added a little under 19c, but with the rest it was not worth trading. When you are underwater big time, once you sell, you are only buying back if you are right. Your stomach won't take it if you had to buy back at a higher price than you sold for. Since there is no assurance in trading, I did not take the chance. Hey, you were only

[Fivecarat]

Mill and others here, I hope we all do well, yes even James (Oilttar).   Looks like we might be in for another positive day, but early of course.  That's why I like the delayed reaction, if we jumped on Monday, we probably would have retracted already, at least that's what history shows with these kind of stocks.  

[angryolman]

Thank you Mill. That is exactly it. Mostly evil. Stopping out. Shorting out. There really is no rational argument for Anon. On the bright side... we're up.