Jesse Livermore is famous for talking about IPO's and where to trade them.
This is a text book case....held the 20c listing level for 8 weeks...made new highs, came off and is now moving back up. His theory is too be patient on this chart pattern, and stay long as this type of pattern can give the biggest rewards over time.
Fundamentally, I think the stock is cheap with 56mln shares, a mkt cap of $14mln, plenty of cash and 4-5 genuine company making prospects. Any mention of sulphides at Coglia alone will see this move sharply higher imo.
PNT Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
