Q: Good Afternoon: Could you please suggest a good entry point? Thanks and best regards.
5i Research Answer:
PNP stock is very tightly held and it can be a difficult trader. Sometimes, in these situations with a small company, it is a decision on whether to own it or not, and not so much about getting a perfect price. There are risks here, but the stock continues to do well, up 219% in a year now. A big dip in the stock could come with bad news, but this of course is hard to time and maybe one doesn't even want to own it if the news was that bad. So, this is a long way of saying we would be comfortable with 'some' at the current level, but would not chase it too much. We would be more interested in the $15 or $16 range, on a bad market day. It was that level in early April.