Q: What do you think of buying Lumine at this $43 level for a 12 month hold, or should I wait for a pullback. Thanks.
5i Research Answer:
Perfect timing is difficult and the stock is a strange trader. It is up 44% this year, and 33% in November alone. We do like the company a lot, but think the shares are probably due for at least some consolidation or slowdown. Though not our usual recommendation, in this case we would be fine buying a partial position for now and watching the stock for a better price to fill at.