Peregrine Diamonds Ltd. PGDIF

half million bid at 15 cents

[ekim]

See if anon comes a selling.

I figure Anon has sold close to 6, maybe even 7 million shares over the last 2 months.

We know they are not an insider.
So before the rights offering. They could have up to 9.9% x 142 million shares.
Equates to 14 million shares.
Proceeding with the rights offering and then dumping at 15.5 cents makes no sense to me.
So, we can assume they could theoretically have 7 million more shares (14 minus 7) that would be the limit.

If they did do the rights exercise. Looking at close to 21 million shares. Meaning they could still have up to 14 million.

I'm going to default to the first assumption and that would imply (based on what we know) that they at least half way, and probably more in divesting their position.

LONG...PGD

EKIM

[mill44]

Anon could be anyone willing to pay a fee to hide their identity. As far as we know, it could be 20 different brokers. My only conclusion is that someone other than average Joe wants out. Why now, that's an interesting question. Broken stock with a clear trend, but has been for a good while, so why now? It could be good for the rest though, since a bottom of a long fall a lot of

[ekim]

Is there a technical theory that the longer the bottom is in place...the larger the rise...assuming a rise comes? Or am I making it up? EKIM

[mill44]

I don't know about bottoms, but there is one thing that is absolutely sure in trading, low volatility is followed by high volatility and the other way. So for long bottoms, the move has to be up and could be huge, taking in consideration the built up momentum. The problem here is the resistance levels that are piling up above, it won't be easy to break them. That's why I

[ekim]

Scotia was sitting on 100K as part of that half million bid at 15 cents. they decided a half cent wasn't worth the wait and increased it to 15.5 cents. Anon was more then happy to oblige them and liquidated the trade. LONG...PGD EKIM

[mill44]

They are not chasing the offers yet, fortunately. If they were, we would be sitting at 5c by now.

[Fivecarat]

Really the way this is trading is not that surprising considering the nature of the way a exploration company trades. Not much happening obviously at this time so we are floating around as expected. No one could really suggest they know when this will go down/up unless it reacts to news of some kind, otherwise, stagnant we will remain till then. Anonymous will always be an issue, so try as you

[Kodiboy]

It seems infinitely easier to give advice to other shareholders than it is to take your own advice is it not, that's why we hire so called pro's to do it for us. Taking out our own personal feelings when trading is difficult at times, just as hard as sometimes trying to figure who, why people do what they do.