Blog : Sample Trade Alert Update
by Peter Leeds on June 28th, 2015
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Updates on Previous Picks (ALSK, ITMSF, WYY, ASTC)
Peter's Personal Trades are Posted Below
We had to go way back for some of these updates. Based on the former picks some of you asked about, this officially became our first "retro" version:
Ticker: ASTC
Date: September 25th, 2013
Price (at time of report): 0.75
Buy Opinion: None - This was a special "Quick Fix" pick
Short Term Sell Opinion: None
Long Term Sell Opinion: 1.10 - 1.30
We profiled ASTC on our quarterly "Quick Fix" report, which features undervalued and undiscovered penny stocks trading under $1.
ASTC climbed from 75 cents to $4.00 within 3 months, and even now trades around $2.61.
ASTC climbed from 75 cents to $4.00 within 3 months, and even now trades around $2.61.
ASTC will not quintuple again, and especially not within the next few months, but they are a great company which we are keeping an eye upon. Our concern, despite the working capital position of $35 million, is that the cash bleed rate is much too high. Astrotech is in a situation where they will be forced to lose a couple million dollars every quarter, as they are now, just to stay competitive in the space.
Ticker: ALSK
Date: July 31, 2013
Price (at time of report): 2.38
Buy Opinion: 2.20 - 2.45
Short Term Sell Opinion: 2.80 - 3.10
Long Term Sell Opinion: 3.20 - 3.85
Immediately after identifying ALSK to subscribers, the shares spiked straight up toward just under $4, within weeks. That was almost 2 years ago.
Alaska Communications dipped back into highly-undervalued territory in November of last year, trading as low as $1.18. ALSK was still a great company at that point, despite the inappropriate share price, and has since started moving again towards fair valuations above $2.50.
However, the stock is overbought right now, plus prices have been climbing despite money flow showing that dollars are leaving the investment to the tune of $50 M in the last 2 months.
Due to these factors, we are expecting a decline from current prices in the short term. Long term, this one will probably go slightly higher, and eventually they will be bought by a bigger company in the space.
Due to these factors, we are expecting a decline from current prices in the short term. Long term, this one will probably go slightly higher, and eventually they will be bought by a bigger company in the space.
Ticker: ITMSF / IMP
Date: February 22, 2012
Price (at time of report): 0.45
Buy Opinion: 0.40 - 0.50
Short Term Sell Opinion: 0.65 - 0.75
Long Term Sell Opinion: 0.85 - 0.99
Intermap has performed very poorly, dropping to as low at 10 cents after our profile, before bouncing back towards 50 cents on 3 occassions. Most recently they were in the ugly 5 cent range, until they were awarded this major contract a few days ago, instantly sending the shares up 9 times in value, to 45 cents.
While this contract may save the company, it is more likely a good exit opportunity for investors looking to move on. There has not been the market adoption we or Intermap anticipated three years ago.
Ticker: WYY
Date: May 24, 2011
Price (at time of report): 0.85
Buy Opinion: 0.80 - 0.90
Short Term Sell Opinion: 1.20 - 1.40
Long Term Sell Opinion: 1.40 - 1.65
Good things come to those who wait. Since our profile of WidePoint in 2011, after some stumbles, the stock climbed above $1.90, and more recently broke above $2 per share.
This is a company moving in the right direction, in terms of share price and operations. New customer bookings are solid, and the utilization of WYY's solutions continues to grow.
In the short term, the rapid price climb will lead to profit-taking selling and bring the shares slightly lower, but long term we feel WYY has a lot going for them, and may be worth keeping an eye on.
In the short term, the rapid price climb will lead to profit-taking selling and bring the shares slightly lower, but long term we feel WYY has a lot going for them, and may be worth keeping an eye on.
Peter's Personal Trades:
Peter bought shares of General Motors (GM) after the open of trading. While the shares started the day by climbing, the stock soon dropped to Peter's limit order price of $34.60, and his purchase was filled.
GM has fallen significantly and rapidly over the last 3 days, and is in a highly-oversold situation, while the overall markets are climbing.
Based on technical indicators, GM should rise a small amount in the very short term. Peter is looking for profits of only 6 to 9% on this investment.
Based on technical indicators, GM should rise a small amount in the very short term. Peter is looking for profits of only 6 to 9% on this investment.
As of January 2017 we no longer publish the blog and it has been removed from the webiste menu.
You are reading this old blog entry because we still like to reference it. :-)
You are reading this old blog entry because we still like to reference it. :-)
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