Peregrine Diamonds Ltd. PGDIF

RE:share price decline?

[xDeBeers]

Keep the faith. Find the middle ground between your last post and Chidliak is the next Diavik and you will be golden. Well diamondiferous really...
 
It's still a mine. It's on track for an Ekati (not a Diavik). Stock goes up. Stock goes down. Results released. Stock goes up and up some more.

I tried to predict the stock market years ago using technical analysis and artificial neural networks. It never worked (for me). I note that even some experienced traders on this forum have not picked the bottom of this stock to buy more.

If thanks to our human condition, we simply must have a reason for the stock going down (other than some lame duck the fed did this, the fed did that) then I would say Ekim's tax loss selling reason and the timing thereof seems about right.

Having said all that it is my opinion that PGD leaks like a sieve when it comes to news.