PNV 2.70% $2.52 polynovo limited

PNV - Chart, page-3728

  1. 7,860 Posts.
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    I think the thing is that short term the price is gonna go with market sentiment, and that sentiment seems to have shifted recently. This is because people who bought in on the hype don't necessarily understand the fundamentals and have gotten spooked.

    This short term fear is fantastic for the people who understand the fundamentals (or at least think they do, as in my case).

    Sure it was super overvalued at $2.60 in terms of profits this year or likely next year, but it's the potential growth this company has due to the markets it is targeting and the need that its product addresses that would have me buying it at that price.

    Again, though, I'm setting and forgetting, so my risk tolerance is different from those using rent money to gamble on whatever penny stock is the current fad.

    That was a bit of a ramble, really what I'm trying to say is I'm gonna keep buying all the way down and all the way back up. And in 5 years I'm gonna be goddamned thrilled!
 
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