Saturday, February 24, 2007 5:25:18 PM
GBDX NEWS..up 80 % .broke resistance line @ .004
looks like next resistance lines formed @ .0085 - .009
GBDX weekly chart
GBDX daily chart
increased volume...broke through resistance line @ .004
Rapaport: Global Diamond Exchange Sells 2nd Shipment, Orders 3rd
By Jeff Miller Posted: 01/24/07 11:14
RAPAPORT... The Global Diamond Exchange reported in a statement that its second shipment of diamonds was sold out upon delivery and that a third shipment has now been requested. The company estimated the value of goods sold was about $1.4 million (for 162.87 carats,) and that the same buyer purchased the company's first order, which took place in November 2006.
"The initial allotment was for 698 carats and was sold out within a week of its showing," the company stated November 15, 2006. "A much larger second order has already been placed and will arrive in New York shortly."
"The group (buyer) has asked not be identified at this time but will continue to purchase fine quality stones from Global Diamond Exchange," the company reported. [strong]Global Diamond Exchange did not return phone calls from Rapaport News as of press time[/strong], but according to its website the company imports diamonds from Russia.
On January 11, 2007, the company stated that it had shipped order No.2 to the Gemological Institute of America for grading.
The company expects order No.3 to arrive in New York for grading and sale at the end of February or early March, according to the statement.
At midday January 24, shares of the company rose from 0.006-cents to 0.007-cents in heavy trading of 11 million shares. The company has retired more than 6 billion shares in the past two months.
On November 21, 2006, Global Diamond Exchange announced a joint venture partnership "who will increase Global's allotment of rough, cut and polished diamonds," with "Diamond Certificate -- a Russian joint stock company."
cha-ching
looks like next resistance lines formed @ .0085 - .009
GBDX weekly chart
GBDX daily chart
increased volume...broke through resistance line @ .004
Rapaport: Global Diamond Exchange Sells 2nd Shipment, Orders 3rd
By Jeff Miller Posted: 01/24/07 11:14
RAPAPORT... The Global Diamond Exchange reported in a statement that its second shipment of diamonds was sold out upon delivery and that a third shipment has now been requested. The company estimated the value of goods sold was about $1.4 million (for 162.87 carats,) and that the same buyer purchased the company's first order, which took place in November 2006.
"The initial allotment was for 698 carats and was sold out within a week of its showing," the company stated November 15, 2006. "A much larger second order has already been placed and will arrive in New York shortly."
"The group (buyer) has asked not be identified at this time but will continue to purchase fine quality stones from Global Diamond Exchange," the company reported. [strong]Global Diamond Exchange did not return phone calls from Rapaport News as of press time[/strong], but according to its website the company imports diamonds from Russia.
On January 11, 2007, the company stated that it had shipped order No.2 to the Gemological Institute of America for grading.
The company expects order No.3 to arrive in New York for grading and sale at the end of February or early March, according to the statement.
At midday January 24, shares of the company rose from 0.006-cents to 0.007-cents in heavy trading of 11 million shares. The company has retired more than 6 billion shares in the past two months.
On November 21, 2006, Global Diamond Exchange announced a joint venture partnership "who will increase Global's allotment of rough, cut and polished diamonds," with "Diamond Certificate -- a Russian joint stock company."
cha-ching
I invest strictly off charts......do ur own DD
I invest in stocks that trade 500,000 + shares a day
DO NOT BUY OR SELL SECURITIES BASED ON ANYTHING THAT I POST
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