Discipline Trumps Conviction (GACF, HQSM, TMM)

Includes: GACFQ, HQSM, TMM
by: Microcap Speculator

The Microcap Speculator submits: Global Aircraft Solutions (ticker: GACF.OB) broke down below support, ending the day at 1.44. While I still like the stock, I closed the position today at a slight loss and will look for a better time to reenter. The technical picture has deteriorated. Time will tell if it is just market noise or something more serious.

I also took some profits in my HQ Sustainable Maritime (ticker: HQSM.OB) position. I am up just over 50% in that name and the momentum seems to be slowing. I still hold the bulk of my position and remain positive on HQSM.

Finally, I started to build a position in Grupo TMM (ticker: TMM), an idea I profiled this morning.

DISCLOSURE: I am long HQSM.OB and TMM. I have no position in GACF.OB. Not a recommendation to buy or sell any security. For informational and educational purposes only.