Tuesday, August 30, 2011
HPGS - Now I'm Free, Free Failing
HPGS was a great rebound four session's ago, but now finds itself at all time lows. The $.10 price would be the obvious line in the sand. If it breaks $.10 then the stock could see $.09 and then $.08. Market Maker NOBL seems hell bent on taking the stock down, and you would have to assume this is dilution. If NOBL loosens his grip around the neck of HPGS,, this stock could see a very nice rally from here. It is very much oversold and has been that way through the entire month of August.
Instead of continued sell-off I do like this stock short to medium term, and I think the stock will return to and surpass the bounce highs from last week. Obviously the selling could persist and the stock could continue its awful slide. That is the risk you take with these stocks.