Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:Dundee hiding in the closet....yet again.

[mill44]

Whenever you want to invest more money in a stock, the smart thing is to look at it as a fresh investment, even if you are already in and heavily biased on the bullish side. Goodman had nothing to take tohis investors. The market lacks direction, it is either topping or basing, definitely not the time to increase your exposure. The stock is in a downtrend, recently hit 6-7 year lows and could be entering a longer period of lull. There is little sign that the industry or the sector is improving so what is the advantage of more exposure? All what you are doing is taking more risks. I agree that the fundamentals are good, but that is only good enough to make a case for an initial investment, not to increase your position. Goodman has a reputation to maintain, his hands could be tied.