Friday, May 1, 2009

HPNN - Calling All Bottom Fishers

Trading penny stocks, when you get down to it, is really a simple game. Just like the big boards you buy low and sell high. The problem lies in trying to ascertain where the low is and where the high is. You can get burned very easily buying a .001 stock at what you thought was the low only to find it trading at .0003 a few days later. Your "investment" at .001 is cut significantly because you jumped the gun. Of course the stock could have surged after you made your buy.

HPNN has been stuck in a recent downward trend. Today the stock dropped anther 35%+ and looks ripe for the plucking. Keep your eyes on HPNN. It might touch new lows or .0011 could be a bottom.

Making money trading penny stocks involves finding stocks that have sold off substantially while still holding value as a company. HPNN might be one of those stocks.

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