Global Diamond Exchange, Inc. (GBDX)

[texas tom]

Willy Wizard has stated in his newsletter that nothing came of the deposition before the SEC. He has purchased about 18 million shares of GBDX. To date, he states he has not sold any of them.

It looks like the selling has died out. I go back to my original thoughts that the selling was done by Sib Almaz and co. to the market makers to cover a naked short position they were in as a result of the imbalance in their accounts caused by the last run. Their actual naked short position was a little higher than the 150 million shares I thought they were short. It appears that Sib Almaz let them off the hook.