Glenn Alperin

Ten Diamond and Jewelry Stocks

There is another smaller-scale online diamond company out there, Abazias Inc (abza.ob) which I used to own some shares of. However, it's future looks rather clouded as a result of certain (mis)management decisions which I personally wasn't too happy with. The company underwent a reverse split 40:1 and a symbol change, and I got out of it as soon as I was able to make a profit after the split, which took a few months. I had a rather dubious view of the reverse split in the first place as it appeared to be mostly aimed toward rewarding management with the potential for more insider stock option purchases. It is currently trading at more than $3.00 lower per share than when I sold out. I probably would NOT recommend this stock at this time, but it is another player in the specified industry.