TPS Position Update – February 19, 2013

February 19, 2013

. . . . NetSol Technologies (NASDAQ: NTWK) – Sell

Let’s cash in on some huge gains in NTWK!

As of this writing, NTWK is trading at $9.90, a terrific 120% gain for us.  It’s hard to argue with those results!

The most recent boost to the stock came with last week’s stellar earnings news.

Quarterly revenue jumped 37% to $11.8 million.  And, net income climbed to $2.2 million – an incredible 595% year over year gain.  It’s no wonder the shares popped.

That being said, it’s time to take profits.  We don’t want to get overly greedy and let these impressive gains pass us by.

Sell your NTWK shares now and enjoy the nice profits.

. . . . LightPath Technologies (NASDAQ: LPTH) – Sell

We’ve held LPTH for over six months now… and it’s basically done nothing.

It hasn’t been terribly disappointing.  But, it hasn’t rewarded us for our patience either. For all intents and purposes, the shares have traded in a fifteen cent range since we bought them.

That’s not good enough.

Moreover, the company recently announced it had a profitable quarter, as well as growing revenues.  However, once again, the stock did nothing.

That’s a sign for us that it’s time to move on.

Sell your shares of LPTH and we’ll invest in something with far more upside potential.

. . . . Gleacher & Company (NASDAQ: GLCH) – Buy up to $0.85

GLCH has taken a hit the last couple days after a big announcement.

The company has decided against a merger or sale of the business and is instead selling off its ClearPoint mortgage unit.

You see, the stock had recently hit 8-month highs as investors expected news of a merger or acquisition.  However, the shares sold off after management announced it would be going a different direction.

Here’s the thing…

I think the selling is overdone.

If management believes the company can thrive without a merger or acquisition, then they must have reasons behind the decision.  After all, they’ve had plenty of time to do their due diligence.

In fact, selling off the mortgage unit may be all that’s needed for the company to refocus and turn the corner.

Let’s give GLCH a chance to recover.  We’re moving the buy up to price to $0.85.  Go ahead and grab shares if you haven’t yet done so.

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 NetSol Technologies (NASDAQ: NTWK)
• Sell LightPath Technologies (NASDAQ: LPTH)
• Move Gleacher & Company (NASDAQ: GLCH) buy up to price to $0.85

Category: TPS Update