Harry Winston Diamond Corporation HWD

What a selloff

[TIMBUCKS]

I wish I had done more dd before buying this one.
is there any old timers here from the abz takeover,
are we going bankrupt. long 10000 shares oh crap...
sw

[puma1]

i think Winston is something like 3% of the rough market. their CEO also pointed out that in 2008, their prices rose about 1/2 the rate of the market jump and so speculated that Harry didn't have as far to fall.one of their biggest debts in 2009 are taxes - well the Canadian tax agency is now charging 5% on outstanding taxes, so i suggest that Harry consider borrowing from the govenrment to

[GambitX]

Could end up being another Nova Chem situation (minus the bond issue). I'll load up on this big time under $2, someone is going to buy it, just for the name brand recognition alone!!!

[puma1]

Rio Tinto, with an 18% share of the rough market from the Diavik (Canada), Argyle (Australia) and Murowa (Zimbabwe) mines, has told the market it is suspending diamond processing at Argyle for three months, and halting the move to underground production. Company spokesman Nick Cobban told Asia Times Online: "Rio Tinto has announced the slowing of capital projects at Argyle and Diavik in

[dano2020]

Sell out an leave then. 

[pocotrader]

That's what i thought when I bought it last week but when it looked like it was going  lower i got out, there will be  a point when a bottom is reached, I'll  buy again when the HW chart  signals a positive trend reversal.poco

[puma1]

RBC Capital Markets analysts Des Kilalea and Patrick Morton said in a report last week that De Beers' sales for the first two months of this year were about $200m, well below the $1bn recorded in the first two sights of last year. Industry website Polished Prices, which publishes a daily and weekly index of prices for diamonds between 0,3 and three carats, said in its latest weekly update the

[puma1]

so sales were down 20% in the 1st 2 months - that is a lot less than they have been floating in these reports where they talk of 40% declines and more.

[puma1]

Dr. Bristow said he believed the current feeling among diamond producers and sellers is more positive than it was. Retail sales are showing the slightest improvements and meanwhile, every single diamond producer has cut production for one reason or another. De Beers is leading the way in curtailing the supply of rough gems, as nearly all its mines are currently closed or on a production hiatus