PNV 1.68% $2.34 polynovo limited

Hey Kiss, It is called market sentiment and is based on macro...

  1. 598 Posts.
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    Hey Kiss,

    It is called market sentiment and is based on macro economic factors. Absolutely nothing has changed in the past two days so presumably you were happy with your investment and it's valuation two days ago, so the conclusion is that you will not get punished unless you sell.

    My investment thesis, and this is not advice, is use these opportunities to average down if you believe in the fundamentals of the company. There are a few ticks in the box here.

    This is a medical play - defensive
    This company is growing strongly
    This company is entering new greenfield markets rapidly
    This company produces something that is cheaper and better than the competition
    This company has end users (surgeons) finding new ways to use the product if the product development is end user driven you are in a vey strong position as you already have demand for things you have not even thought of!!
    This company has no debt and raised significant $ AND was oversubscribed in a very tough environment

    Hold the faith you had 3 days ago and use the opportunity to buy more on that conviction!

 
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