Global Diamond Exchange, Inc. (GBDX)

[MSEED]

Agree, but big plus is in the reason WWCD did merger.
Penny, agree with you totally that the chart technicals are showing a run up ready to begin again.

However, I am more excited about the reason WWCD merged with GBDX in the first place. Again, last year, WWCD did +$12M with its business enterprise. Now, IMHO, WWCD saw a huge oppty to merge with GBDX, a co. with a 17 year history of solid business in the diamond industry to make a huge profit. The reason why is in the recent PR which stated :

"WWCD merged with GBDX and will now take advantage of the *CHANGE in Russian law. GBDX has now exercised its option to import a larger % of rough cut diamonds based on the % of their polished export quota of stones from Russia. AND, GBDX has contracted with Russian cutters to cut and export diamonds to US. IMHO, WWCD merged with GBDX to utilize an established co. in this diamond industry with Russain connections and take advantage of the change in the Russian law. The markup on fine diamonds is huge, and for GBDX to already have contracts established with Russian cutters is awesome. Smart smart business IMHO. New law means a larger % of stones to be allowed exported, thus competing strongly against Debeers, etc.

Adding at all levels when possible. I agree with your earlier evaluations of .15+ short term.

Best Regards
Not a buy or sell recommendation. My opinion only.