Peregrine Diamonds Ltd. PGDIF

Wigging out the SP

[k22k22]

I have bids in at .10 so if they get met all the better but looking at the spread there are a lot more peeps on the bid than the ask so at some point I would say this is going to be stretched out.  Jan will give a bit more clarity, if the SP continued so slide in January I would be worried but at this point it's extremely speculative to tell what's weighing on the SP.

[mill44]

I don't know if you noticed, but it is characteristic of PGD that whenever it takes a break, the shares disappear in the direction of the possible reversal. It kind of forces you to have a target to sell in an uptrend or buy in a downtrend if you don't want to deal with the uncertainty of a market order for a bigger batch of stock.

[k22k22]

Yes I agree, if you watch the bid and ask spread throughout the day there are some very large trades that seem to disappear or thin out in both directions but the largest I have seen on the bid side.  It's very difficult to say with any kind of certainty as to what is happening with the SP right now but someone is always willing to buy.  I think that until the final questions is

[mill44]

K22, if anyone asked me if they should buy PGD looking only at technicals, I'd say don't even think about it. Based of fundamentals alone, though, it seems like a screaming buy. The problem with that is that is thas been for years. That's the reason I always say that the best is a combination of the two if you are looking for long term trades. Find your candidates with fundamentals and