Mountain Province Diamonds Inc T.MPVD

Volatility Last Three trading Days Make Sense

[Wisdomwithage]

Hey Mates,

There seem to have been a confluence of factors that affected our share price the past couple of days:

• as mentioned by several posters, the frankness of the latest NR updating the financial position of our company caught many off guard, some of whom had expected the stock price had finally corrected sufficiently that a steady upward trend was forthcoming. Each interpreted the facts in different ways.  I for one appreciated the straightforward, no-hype content and was cautiously satisfied, realizing that we'll need a full year in the rear view mirror before really being able to project future earnings.
• unquestionably some investors who have been on board for awhile may well have decided that enough was enough once the share price broke through the lower channel support back in Dec.and has basically drifted somewhat since.  And of course there are the speculators that took a chance, set their stop loss points and were stopped out.
• the one factor we may have overlooked is the fact that once the minimum margin requirements, set in place by both Canadian and U.S. regulatory authorities, were breached, clouds started to form on the investment horizon.  As the end of the quarter approached, many brokerage firms likely advised margined clients of the need to settle up their accounts.  I'd suggest most margined accounts were cleaned up the last 3 days, accounting, in some part, maybe significantly, for the shakeout

I for one patiently watched for the right buying opportunity these past few trading days, keeping my powder dry until just before the open this morning.  I then put in an open BUY order, expecting one final shake of the tree.  The result?  No luck!  Well that's the roll of the dice.  However I'm not disappointed.  We've some great months ahead of us now, and Vegas may well be in the cards within the next 12.

Cheers, and have a great weekend!

Brit