Global Diamond Exchange, Inc. (GBDX)

[Whitewolf]

totter...GBDX ran from its recent low to .014 on rumors of a buyout. When the first PR confirmed the rumor of a potential buyout it appeared a bit vague so, in the usual fashion, a stampede ensued due to all of the traders who characteristically buy these issues on hype or rumor and sell on the news (regardless of whether the news is good or not).

Once the selling started it became a landslide which has not abated. At this point, for those feeling stuck, a decision must be made to either sell at a loss and move on or wait it out. Based on the follow-up PR revealing the name of the suitor, I believe its a no-brainer to just hang in there until there are more developments. And at this juncture let's keep things in perspective...very little time has passed since the run on rumor and the two PR's. A buyout offer normally requires a considerable amount of time between the time the offer is made and all of the details are ironed out.

As far as I'm concerned, things are happening quickly...there just don't seem to be many folks in pinkyland with the patience and fortitude to see things of this nature through to fruition. I personally have made the decision to buy and hold based on what I have seen PR'ed from the company and what i consider to be very good odds at banking a tremendous multiple of my initial investment if all goes as expected.

Every man for himself but that's my plan and I'm sticking to it...best of luck to all.