Taking profits in Towerstream (TWER)

I am coming out of a nearly four month blogging hiatus to once again write about wireless broadband provider Towerstream (TWER) following a question I received from a long time subscriber who wanted to know my current thoughts about Towerstream.

The company had released their third quarter results earlier this month and he wanted to know if I would add to my position or let it ride. After reviewing Towerstream's results and reading a research report by Canaccord Adams issued on November 6 that reiterated a Buy rating on Towerstream with a $2 price target (20% above current levels) I would have normally been inclined to hold on to my position...