PSB Portfolio Update September 2015
A Quick Update!
Hi Everyone, I’m putting out a quick update today because I’ll be on the road for an important conference next week. So I’m getting the update out early.
Markets have stabilized a bit, which is promising.
I’m putting together our shopping list for the fall and winter, so hold on tight!
Let’s take a look at our positions…
Position Update
. . . . VAALCO Energy (EGY) – BUY
This is our newest trade, and the stock’s been basically flat since rolling out our trade alert. There’s still time to get in on the stock, buy up to $1.95.
. . . . OMNOVA Solutions (OMN) – SELL
Well, last time I told you… “If the market melts down and we get below $6.00, sell to conserve capital.” Everyone should have exited this trade to conserve capital. We may revisit in the future.
. . . . Huttig Building Products (HBP) – BUY
You still have a chance to get into Huttig… buy up to $3.52.
. . . . JAKKS Pacific (JAKK) – Hold
More good news about JAKKS, Zacks made a big mention of the company. The stock has rallied over the last few days and is closing in on the $10 mark. Continue holding tight!
. . . . Broadwind Energy (BWEN) – Hold
Things are tough, but when the oil market turns, this stock could see some upside. That said… I don’t want to keep losing money… if this stock closes BELOW $2.75, we sell. But hold tight… for now.
. . . . Marchex (MCHX) – Hold
This company announced they’re presenting at a number of investor conferences this month. Hold tight.
. . . . Gain Capital (GCAP) – Hold
Just today, the company announced a New CFO… Nigel Rose. Now that the wait is over, hopefully investors will return to the stock. The company was also named one of the fastest growing companies by Fortune! Great news… Hold tight.
. . . . NetSol Technologies (NTWK) – Hold
September 15 is a big day for our stock… the company will announce earnings and we’re expecting good things. Keep your eye on this one.
Action to Take
- Sell OMNOVA Solutions (OMN)
Category: PSB Portfolio Updates
