Peregrine Diamonds Ltd. PGDIF

MD...quite the wall at .21

[Kodiboy]

• Real Time Quote
• Level II
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PEREGRINE DIAMONDS LTD. (CA:PGD)
Size	Bid	Ask	Size
642500	0.210	0.215	19000
11000	0.205	0.220	51000
37000	0.200	0.225	76000
6000	0.195	0.230	61000
44000	0.190	0.235	47000

Previous 10 Trades
Time	Size	Price
11:49:04	5000	0.215
10:55:17	10000	0.215
10:53:27	1000	0.215
10:53:02	28000	0.215
10:50:01	22000	0.215
10:50:01	3000	0.215
10:30:22	2000	0.215

[ekim]

Since the PEA, the stock price has not crossed below 21 cents. Touched it a few times already. The wall seems to replenish itself. Retail sells are all quite tiny. Don't know if there is any holder of 600K+ plus in the retail space that is wants to sell at 21 cents. Systematic accumulation. Bid in and let the little guys come to you. LONG...PGD EKIM

[Silverwhere]

If us little guys want to smart about it, we should place BUY orders half a cent above the big dogs.   This image is fitting in our case right now:

[Kodiboy]

Not sure what you mean or at least what is different with your strategy as it's been a half cent difference in bid/ask for a while I believe.

[Silverwhere]

Hey Kodi   Guess I was thinking in the context of a one cent spread or more. For instance, at the entrance of that big 0.21 parking lot this morning, park an order at 0.215.

[Silverwhere]

Or place an order at 0.225 right now.

[Kodiboy]

Sorry if I'm still confused and in the larger scheme of things it doesn't matter, but are you saying just put in an ask at .215? Wouldn't that just get filled right away?

[Silverwhere]

Huh? Think we’re all confused by now. I was talking about placing a cute BUY order.   To add to this confusion: earlier today the term “wall” was used to describe the big number of shares at 0.21. Doesn’t the term wall typically refer to a huge build on the offer i.e. erecting a big Trump-like wall in order to stop an advance?   Wasn’t today’s 0.21 a huge Bid, not a huge Offer?  

[Kodiboy]

No worries, easy to get wires crossed communicating using this method. The wall issue I guess can be used depending on your take of where you want or believe the SP is going. So subject to interpretation I guess. Yes long weekend and looking kinda wet out this way in the lower mainland area called Vancouver.