Replies to post #18274 on Global Diamond Exchange, Inc. (GBDX)

[rverboatgambler]

re Float, etc

I followed the Canadian diamond stock discoveries (North West Territories) in the early 1990's. In those beginning days the juniors began to run from .10 to .50 in 2 months, then to 1.50 in four months....BEFORE the solid discoveries were even announced. And the volume was crazy.

Several of those stocks ran as high as $50 from .10 (Diamet)
(Aber) Others were bought out by DeBeers (Winspear) (Antler)

When a Co is poised for explosive growth in the Diamond sector the share prices cannot be "held down" by ANYONE ( Except - perhaps, the Lord if He felt like it.)

They go ballistic...The buying is ferocious. (that's what I was alluding to wrt the merchants- you'd expect them to buy their grandkids 20,000 shs or so each as a giftie since its a sector where they should recognize a good investment)

I am at a loss for the price activity here. I was reassured by the update, the sale of the first shipment of diamonds,the announcement of the 2nd shipment, the new JV with the cutters yesterday..

Now , as for the languishing price- there is no plausible explanation.

Rvr

[cabel]

MSEED,

I appreciate your posts but I also have a hard time understanding this pattern of up-down between .011 and .018 based on such fantastic news.

If you predict a price of .08 - .15 (as do I), what will have to happen for the stock to finally break out,... and if it does is there not the fear it will simply do the same thing except from .015-.025 as alot of people will be taking profits there, those that bought in at the lower price plus those that fear it will just go down again and are happy to break even.

What will be the catalyst to finally allow this stock to break out and hit .08-.15?

News,... you can't get better than what we have had in the last 2 PR's

Many Pink Sheet stocks have run higher than ours with much less news and no where near as good fundamentals. So what is our problem?

You predict .08-.15 in 60 days, yet the audit will most certainly not be complete by then so what, in your mind, will be the catalyst? More news,... what kind of news do you think will do it?

I am scratcing my head on this, in my mind it can only be:

- Shorts or
- Dilution

I tend to go with the Shorts because I trust RonnieD when he stated that the company has finnished with the dilution.

So the Shorts can play the game they are playing for how long before they abandon this stock for easier prey?

I have no idea but I wish I had more funds to buy at these prices.

[Han2004fl]

MSEED
how do you know that diamond merchants buy up the float? any proof of this?