Before I start, I am obliged to remind our viewers that this is not advice only general commentary from my extensive research in this area.
Paradigm Co (PAR:ASX) has been one of our top performing stocks which we’ve been closely following since we started Youth Investment Group. We first noticed Paradigm bouncing around $1.85 and saw it’s potential. Since then, PAR has risen over 120% to $3.95 at close on Friday afternoon. PAR typically tends to bounce around during the week, allowing for some nice opportunities to enter at a good price. Assuming PAR breaks $4 next week, a nice entry price might be between $3.35-3.55 if it does drop again. It is unlikely, however an entry price below $3.35 would be ideal as the markets react to Price Sensitive Announcements (PSE)-learn more on the specific dates here.However, we recommend you conduct your own research on entry prices.
Current HOLD status?
With a strong market performance to cap off the week, PAR may be slightly overpriced. If you are currently holding PAR and are looking for a long term return – holding may be the smarter option*. However, Paradigm will likely open at a loss as investors sell off profits at such a high price allowing for a nice opportunity to enter. It would be worthwhile watching PAR closely Monday and Tuesday as it’s price is set to normalise.
Getting in Early
From our first article at $1.90, we have well over doubled our money with PAR’s tremendous growth. Repurchases in between $2.00-$3.00 were a very smart move as the stock soared through to sit at $3.65 by Jan 2020. Many investors I have spoken to personally not only bought before $2.50 but also bought more shares inbetween market corrections. However, if you didn’t get in early it doesn’t necessarily mean you can’t capitalise on Paradigm. A good entry price under $3.50 would be very ideal for an investor trying to break into the market with less chance of a capital loss however conducting your own research is vital.
For detailed information on PAR operations and the 2020 outlook click the links below:
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The information above should not be taken as financial advice. Youth Investment Group has no liability for personal financial interests or investment decisions. You should make your own investment decisions based upon your own research and what you believe is best for you.
Written by Tyger Fitzpatrick, founder of YIG.