TPS Update
TPS Position Update – October 25, 2016
***A Special Message To Our Subscribers*** This is the final issue of The Penny Speculator. As we told you last week, we are making this decision based on the behavior of the market. Over the past few months, you have seen us selling, not buying. We now have three stocks remaining in the portfolio. Here […]
TPS Position Update – October 18, 2016
***A Special Message To Our Subscribers*** Next week’s issue of The Penny Speculator, to be published October 25th, will be our last. Over the past few months, as penny stock prices have run up to lofty levels, you have seen us selling, not buying. Since late summer, because of our selling stance, much of our […]
TPS Position Update – October 11, 2016
. . . . Ciber Inc. (CBR) – SELL We recommended the stock in May at $1.24. Today, it closed at $1.10. It is time to cut losses and close out your position in Ciber Inc. The recent runup in tech stocks has not been the proverbial rising tide to lift all boats. What kept […]
TPS Position Update – October 4, 2016
. . . . Goldfield Corp. (GV) – SELL We recommended the stock in May at $1.34. Today, it closed at $2.85. Goldfield is in the business of providing construction services for electric utility companies. Most of its work is in Mid-Atlantic region, Southeastern states, and Texas. There is not a stock in the Penny […]
TPS Position Update – September 27, 2016
. . . . Abraxas Petroleum (AXAS) – SELL We recommended the stock in May at $1.34. Today, it closed at $1.62. Too many headwinds have piled up. It is time to take a 21% profit and sell. Oil price instability has continued longer than we expected. When we recommended Abraxas in the Spring, crude […]
TPS Position Update – September 20, 2016
. . . . LRAD Corp. (LRAD) – SELL We recommended the stock in March at $1.74. Today, it closed at $1.89. Last week, because of our concerns about a setback for tech stocks, we advised a sell for Netlist. This week, we are recommending that positions in LRAD Corp. (LRAD) should be closed out. […]
TPS Position Update – September 13, 2016
. . . . Barnwell Industries Inc. (BRN) – SELL We recommended the stock in June at $1.42. Today, it closed at $1.52. Right now we are asking the same question of every penny stock in our portfolio. “Will this company be able to ride out a short-term market setback?” In a different market environment, […]
TPS Position Update – August 30, 2016
. . . . Sino-Global Shipping (SINO) – Hold We recommended the stock in September 2015 at $1.01. Today, it closed at $1.40. Earlier this month, it traded as high as $2.24. Sino-Global’s stock price has been giving up some ground, but we are anticipating a resumption in upward movement when fiscal Q4 earnings […]
TPS Position Update – August 23, 2016
. . . . Broadway Financial Corp. (BYFC) – HOLD We recommended the stock in February at $1.47. Today it closed at $1.71. Earlier this month, the Los Angeles bank reported another profitable quarter. Net income came in at $319 thousand. This was down dramatically from last year’s corresponding quarterly net income of $1.2 million. […]
TPS Position Update – August 16, 2016
. . . . GOLDFIELD (GV) – HOLD We recommended the stock in April 2015 at $1.67. Today, it closed at $2.95. When Goldfield reported Q1 results for 2016, the numbers looked good. Revenue was up 17.1% to $35.8 million from $30.5 million. Income turned around from a loss of $1.6 million to a $6.8 […]
