Hi Malay, Good luck with this one. On 16/04/09 you said: "Even, if my average SP is 60c which is 50% more than your valuation of a conservative 40c, it is still a return of 150% in two years..." (talking about a target that I said for 2 years)
I feel that you are holding a timebomb on this one. Take profits now, and jump back in when it falls back to 40c.
I believe that in a few years, this stock will be worth more than it is now, but to buy at these levels, there is no margin of safety for the risk you are taking that all works out well. I will dip in again if it falls to 40c.
PBG Price at posting:
77.0¢ Sentiment: Sell Disclosure: Not Held
