Harry Winston Diamond Corporation HWD

beat expectations

[ljones1]

HW has tremendous upside from these levels.    Load up and hold for a very big win in due course.

from Salman Partners in Vancouver -- Morning Note:

Diamonds

Markets turned up early in 2009; and Harry Winston beat expectations

Harry Winston Diamond Corporation (HW – TSX), an up-market miner and

retailer of diamonds, yesterday reported its results for the three months ended July 31,

2009 (a loss of US$0.32 per share, or plus US$0.01 per share before non-recurring

item, versus consensus expectations of a US$0.07 loss),

They also recommend buying one other diamond play:  

We continue to recommend investment in the world’s largest undeveloped diamond mine via the shares of MountainProvince Diamonds Inc. (MPV-TSX; Cdn$1.72; BUY

MPV had the Gahcho Kue deposit in the Northwest Territories -- over 60 million carats in the deposit so far (and could be even bigger with further exploration).

L.J.

[Consvestor]

I agree.  Everyday the economy seems to be improving, and that corresponds to a better market for diamonds.  One would have to be crazy to sell HW at this point.  I will be hanging on for at least $15 per share.

[ljones1]

I've commented a handful of times on this board about how attractive HW and MPV (Mountain Province Diamonds) were -- trading a bargain prices.Very pleased with the HW share price movement over the past few weeks (up $4.00).   Will move alot higher still from current levels.Check out MPV's price action on Friday (was up almost 100% at one point and closed up about 50%).