TPS Position Update – January 31, 2014
January 31, 2014
. . . . Axcelis Technologies (NASDAQ: ACLS) – Sell
ACLS has been a great trade for us. As of this writing, it’s an impressive 105% winner! Basically, we called this one exactly right.
Here’s the thing…
Volatility has returned to the market over the past week and some stocks are getting hammered. There’s widespread concern over the impact of emerging markets on the global economy.
A stock like ACLS could be overly exposed to a global economic slowdown. As such, we believe now is a good time to cash out on our ACLS shares. By doing so now, we’re locking in strong profits while also reducing our risk.
Let’s sell ACLS here and capture over 100% gains.
. . . . Lantronix (NASDAQ: LTRX) – Hold
LTRX shares rocketed higher after posting strong quarterly earnings this week. Shares are currently trading for $2.50, or an 81% increase from our entry point. (The stock even briefly climbed above $3 for 120% gains before quickly pulling back with the market selloff.)
Basically, the company is showing a solid mix of good earnings and new products.
Non-GAAP income hit $191,000 on $11 million in revenue. That’s a nice increase from last year’s non-GAAP income of $70,000. The company’s cash position also increased to over $6 million, up from just over $5 million six months ago.
Meanwhile, LTRX announced several new product collaborations centered on its printing solutions and Wi-Fi technology. Moreover, the company is currently the only Google Cloud Print certified print server.
We believe the company has plenty of upside left, so let’s hang onto our shares for now.
. . . . Asanko Gold (AMEX: AKG) – Buy up to $1.85
Our most recent trade (from last week) is off to a nice start. Our position is already up 6% after just a week.
Basically, gold is getting something of a boost from the newfound market volatility – which is benefiting gold companies in general. But more importantly, shareholders approved the acquisition of PMI.
The combined company should eventually create a mid-tier gold producer once its two primary mines are in production. That means the stock price is set to be a lot higher in the near future.
If you haven’t yet done so, buy your AKG shares up to $1.85.
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 Axcelis Technologies (NASDAQ: ACLS)
Category: TPS Update
