November 29, 2016 - By Adrian Mccoy
The stock price of HON HAI PREC INDUSTRIES RE (OTCMKTS:HNHPF) recorded $-0.23 in recent trading, touching $4.91 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, HON HAI PREC INDUSTRIES RE’s stock was big mover. According to the short interest report published recently, (HNHPF) had 16,500 shorted shares for 82.5 days to cover. The prior short interest was 16,500 for a $N/A change. The 52-Week High and Low are noted here. -8.05% (High), 20.94%, (Low). The stock had 200 average volume.
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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.
Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.
Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.
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More important recent Hon Hai Precision Industry Co., Ltd.-ADR (OTCMKTS:HNHPF) news were published by: Investorplace.com which released: “Evidence Mounts for an All-Glass Apple Inc. (AAPL) iPhone 8 in 2017” on November 23, 2016, also Investorplace.com published article titled: “Apple Inc. (AAPL): 5 Suppliers That Are Screwed if iPhone 7 Flops”, Investorplace.com published: “Nikkei: Apple Inc. (AAPL) to Release Three All-Glass iPhone 8 Models in 2017” on October 27, 2016. More interesting news about Hon Hai Precision Industry Co., Ltd.-ADR (OTCMKTS:HNHPF) was released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” with publication date: February 12, 2011.
HON HAI PRECISION INDUSTRY CO., LTD
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By Adrian Mccoy