Brian's Penny Stock Blog
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Sunday, January 6, 2008
January 1st, 2008. 6:55 p.m.

Well the slow holiday trading session is now over. I hope to see a lot of action tomorrow (Wednesday).

I am really hoping for HCPC to start going up in a steady fashion. It seems like everytime HCPC starts gaining some momentum, people start bidwhacking it (buying the stock at the bid). People think they are made a good buy because the got it cheap, when really they are just killing the momentum and eventually take the price down.

The last few trading days there has been a pattern of starting at .0003 bid and .0004 ask, and people will start buying at .0003. Then it would go down to .0002 bid and .0003 ask. Then people would keep buying at .0003 because they can't get any at .0002. Finally, the bid and ask would go back up to .0003 and .0004 and it would repeat all over again.

I don't know who would sell at .0003 though because HCPC has great news coming out and so much potential. They have press released that a loan will be closing by January 22nd. I expect the price to be much higher by then.

As of right now my portfolio depends on HCPC. I have a lot of faith in the company and have researched it greatly. I am not planning to sell any until .001 at least, but we'll see. I like taking profit and evenutally getting my original investment out of the stock so I don't have to worry as much. Investing in penny stocks is a lot easier when you are playing with "free shares."

To all penny stock traders, buy at the ask whenever you can. It will keep the momentum going and ultimately help you.