Trimming Hopto, Greystone, and FlexShopper
As the Cabot Micro-cap Insider recommendation list has swelled in size, I’m realizing that I have too much capital allocated to previously disclosed ideas.
As such, I’m going to trim my exposure to Hopto (HPTO), Greystone (GLGI), and FlexShopper (FPAY) in order to make room for new ideas.
My policy is to share changes in recommendations before I make any trades. As such, I’m changing my rating on HPTO, GLGI, and FPAY to “Sell 3/4.” Again, this is solely to rebalance my portfolio and to raise cash for new ideas.
This is not an urgent sell recommendation. I will use limits and take what the market gives me.
I purchased a very small position in my latest idea Performant Financial (PFMT), and will buy more over time as I raise cash.
My conviction in Hopto, Greystone, and FlexShopper has not lessened. I still like all three names and will likely change them back to Buy after I rebalance my portfolio.