Replies to post #8472 on Global Diamond Exchange, Inc. (GBDX)

[davidam]

The massive gains should have been worked in by now for the greater part. Those holding cheaper shares arent selling them now if they havent already. Plus we traded in excess of the float since the runup so majority of shareholders arent up significantly at this juncture. actually the float was turned over once at higher levels then where we sit now. I think at a double or more from here is where allot of shares will come out

[manysevens]

hmm ... well first of all, I am very glad that you are open to discussing this (still learning ya know) I don't want to step on your toes here, hehe. But I'm confused by your analysis of the weekly chart. I see the red candles dwarfing all green candles. Not the other way around. ADX is still holding it's own, you're right on that point.

When I see three days of big green volume and no movement with little upper wicks on the candle, (last week in September) I tend to assume the worse- that the big money sold into strength. Especially when the pps drops afterwards.

Believe me, if I was in this stock and did my dd and believed strongly in it's success i would be accumulating right here. But as pure objective analysis goes- it just does not look good to me.

I could very easily be wrong here- I'm wrong a lot. But not lately- lol.

[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.