Peregrine Diamonds Ltd. PGDIF

Hint of news in December

[ekim]

This is just one scenario...take it or leave it.

People who want to take advantage of tax loss selling and still get back in.

November 17th...waited until the caustics results to come out.
Game on time to  consider selling out and buying back 30 days later for a tax loss.
Assuming dead period of news as the company has repeatedly said no diamond news until January (post caustics release).
No rush as the tax loss seller still has a bit of time of wiggle room.

November 19th release comes out. - Hint of news in December.
Now that seller has to question whether they can get back in, in 30 days without any material news and movement in the stock.

On the company side....if they didn't give this 'hint' of partial results and they did release news in December...these tax loss sellers might be pissed off because mgmt said no news until January. I don't think they would have a foot to stand on if they brought a lawsuit...but PGD's hint of news alleviates hits problem whatsoever.

If this scenario holds any mustard....then there is still good chance that we may get no news at all until January or (over xmas break) and it is more of a threat of news if you want to call it that to trap tax loss selling.

This only applies to those tax loss selling who want to get back in.
For tax loss selling of people who want to offset other profits in other companies and don't care about getting in again...they can sell anytime during most of December and nothing can stop that. In fact, they would wait until the last minute in case of this hint of news.

LONG...PGD

EKIM