TPS Position Update – December 24, 2013

| December 24, 2013

December 24, 2013

. . . . Syntroleum (NASDAQ: SYNM) – Sell

Well, we got the result we wanted for SYNM, just not the price.

Syntroleum is being acquired by Renewable Energy Group (REGI) in an all stock transaction.  SYNM will receive roughly 3.8 million shares as part of the deal.

The transaction makes sense for both companies and is likely a sound, long-term strategic decision.  Unfortunately for us, at the current price of REGI, SYNM is only worth in the low to mid $3 range.

With little to no upside left, let’s sell our shares in SYNM here.

. . . . Glowpoint (AMEX: GLOW) – Sell

It’s time to take profits on our position in GLOW.  At the current price, we’re looking at 35% gains.

There’s nothing wrong with GLOW, but the company’s upside is limited and we don’t see any reason left to hold the shares.  In fact, the stock price basically hasn’t moved since September.

Let’s close this position, take the profits, and find a more exciting company to invest in.

. . . . Quicksilver Resources (NYSE: KWK) – Hold

KWK continues to be a strong position for us in our portfolio.  The shares are now up 81% and continue to climb.

Essentially, colder than expected temperatures have given a boost to natural gas prices. As such, natural gas producers such as KWK have benefitted.

With the potential for natural gas to go even higher, KWK has even higher upside potential.  Let’s keep holding our shares for bigger gains ahead.

Please Note:

We don’t necessarily review every open position in each Position Update.  We focus on the positions experiencing significant news, notable price movement, or a change in recommendation.  Please refer to the Performance page on our website for our current buy, sell, or hold recommendation for any positions not mentioned in the Update.

Action To Take

  • Sell Syntroleum (NASDAQ: SYNM)
  • Sell Glowpoint (AMEX: GLOW)

Category: TPS Update

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