Peregrine Diamonds Ltd. PGDIF

RE:chooch show

[mill44]

Cheep is a relative term. If they come to the market again asking for money, then it is not. But if they manage to get the money needed for the next step from other sources, then you might go and thank your lucky stars for stumbling onto the stock.
I am a technical guy and that makes me have my doubts. After today the chances are in the bears favour. The bulls have hope on their side and using that as a trading tool is never a good thing.
Of course, the company could announce something nice tomorrow and then everyone who went with hope will feel super smart, you never know.
In this business you have to have a plan to survive. Make an educated guess based on the information you have. And don't kid yourself, it will be a guess every time because the future cannot be predicted. Assess the new information you get every day and stay in your trade as long as it confirms your guess. Once the reason that made you get in the trade is not valid, walk away.  Do that and you will never have to ask this question again.