Tuesday, August 26, 2014

New position: PIP

From my watchlist,  I picked this little gem as it broke out of its pendant.

Here's what I like about PIP.

It just won its court case but its damages were not awarded yet.  On the low end, (SIGA's position) it stands to be awarded 50 Million.  On the high end it could be awarded up to 500 Million.   It's sales were 14.5 Million and its market cap is just 124.21 Million.  Point being, regardless of the number that is awarded, it is huge for this company.  The number should be announced by the end of next month.  I anticipate the reaction will be huge.  Stop < 2.00.  where the gap was tested.

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