Well I didn't want to, but I decided to take some profits at $0.575.
I still think PAR is very undervalued at the current price (which is why my sentiment is still "Buy"), and I expect the share price to continue to increase next week.
However, I'm not someone that tries to predict the short-term price action, and after a 50% increase over the last 4 weeks ($0.38 -> $0.585), with no news that would change my valuation (we've known about the options since December), I decided to reduce my (now quite oversized) holding.
I'm still in the top 4% of holders (based on the last annual report), so I'll still keep an eye on PAR, but I'm hoping I'll be less worried about day-to-day changes in PAR's share price now.
GLTAH. Fingers crossed PR can do a deal within the next few months and the share price goes back to where it should be.
PAR Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
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