RE:RE:never makes sense I can appreciate how this is being traded although i would rather a much smoother ride up . The big players brought us down to $1.33 recently on nothing but air . JPM among others have the wash and rinse cycle going rather nicely for themselves. Fleecing any new retail investors of their shares who cannot handle their ongoing rinse cycle .
With $1.50 / $1.75 and $2.00 being margin call price points expect good use of the rinse cycle in these areas from our Little Banking Friends. They did not disappoint at $1.50 and we had a little taste of that at $1.75 for those chancing / placing new margins and stops . I expect another rinse above $1.75 but who am i to risk that kind of gamble . Hope we can move from where are now to swiftly above $2.00 ?
Other than that the LUC Financials look solid . Q4 2013 should be excellent and so should Q1 2014. My concern if any is that we are highly dependent on consistantly finding very large / rare diamonds. Can we do that ? It would also be interesting to see just how well the finished product does on the open market. Having a reputation for delivery of diamonds that people want to pay the real big bucks for would only increase demand for our product.