TPS Position Update – October 30, 2013

October 30, 2013

. . . . Nevada Gold & Casinos (AMEX: UWN) – Sell

UWN is a decent 27% winner for us, as of this writing.  We’re going to go ahead and take those profits off the table.

The company has been light on news and the stock trade has been pretty thin lately.

We feel it’s best to lock in our gains while the share price sits at its 200-day moving average.  If it drops below support, it could fall much further.

Let’s sell the shares here.

. . . . FuelCell Energy (NASDAQ: FCEL) – Buy up to $1.50

FCEL spiked recently on positive news, although the shares have sold off the last couple days.  However, before the stock hit some resistance, it was as much as a 20% winner for us.

There’s no reason the shares can’t get back to those levels… and much higher.

You see, Posco (the company’s largest shareholder) just begin construction on a South Korea factory that will produce FCEL’s power systems.  Once the factory is complete, Posco will sell the power systems throughout Asia.

This is just the start of big things for FCEL.  If you haven’t done so yet, now’s the time to grab shares in this promising company.

. . . . Lightbridge (NASDAQ: LTBR) – Hold

LTBR has sold off recently on news of a direct share offering.  The stock’s now sitting a little under our initial buy price.  However, we’re not worried.

You see, Lightbridge will raise over $4 million from the newly issued shares, which will be used for working capital and on further development of its metallic nuclear fuel business.

In fact, the company will be collaborating with Babcock & Wilcox Nuclear Energy(BWC) on a metallic nuclear fuel fabrication facility.  In other words, there’s plenty of reason to believe LTBR’s products have a bright future.

Continue holding the shares for big upside potential.

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 Nevada Gold & Casinos (AMEX: UWN)

Category: TPS Update