Peregrine Diamonds Ltd. PGDIF

TA

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People have unrealistic expectations for TA. There are traders who through consistantly successful trading over years prove that TA works. TA can give a slight advantage. Maybe half a percent or so. If you can get a half a percent daily, by the end of the year you have well over 100%. Further, stocks are arguably random. Futures are trend in a more predictable fashion. Most successful traders trade futures. With lagre cap companies TA can be applied for small incremental gains without too much risk. If Exxon drills a hole and oil gushes, the stock might go up one or two percent. If the price of oil drops at the same time the stock my even fall dispite the discovery. If Perigrine drills a hole and oil gushes the stock price goes to the moon regardless of the any changes in oil prices. That is why shorting small caps is so risky. You could be facing bankrupcy over night. Not with Exxon.  The only thing I have seen with TA applied to juniors is that fairly often there will be an increase in volume and price shortly before a news release. Is it because of leaked information? Who knows? You do see it sometimes. I have not seen it with PGD. All that aside, I would be very surprised if PGD does not reach $1.00 per share before this time next year. That isn't based on TA. Everyone knows what is out there regarding PGD. Why the price is where it is baffles me. PGD is one of those rare no brainers. Thats enough rambling, I have gardening to do. :o)