I said that I would hang on and I like being consistent, so I will. Or maybe it's just because I hate being wrong.
However, Promina is a juicy target and I figure that the opportunity is worth the risk.
Finally, it was only Perpetual's opinion about the probability of the Suncorp deal going through as touted.
But right now there are too many banks and private funds with too much money, who are willing to throw it around so a surprise may be around the corner to drive Promina's sp to $8. I hope.
(Sir) Lunchalot Scoffer Extraordinairre Caveat: Lunchalot is not a sophisticated investor, he's a poor alcoholic, so do not take his cheap opinions as trading advice.
PMN Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Held