I'm not one to draw my hand into a fist and start pounding the table about any stock, its not my style. But if I was forced to pick one stock to pump, then HMPR would be the one I would choose.
Are there other stocks out there that will make bigger gains in the near term? Oh yeah, much bigger...but most (and possibly all) will be in money losing companies playing the Promotion & Hype game to lure investors in on rosy projections about the future.
If you've been watching the markets for any length of time you've seen it happen, and maybe you've been caught in one or more yourself. They soar, investors load up as they climb, convinced they're gonna be rich....then BAM, the bag closes and the PPS collapses. Sometimes it takes a few months, sometimes a few weeks, and still other times its just a matter of days.
HMPR doesn't qualify as that type of investment for me, because they aren't paying cheeseball promoters to interview the CEO, nor are they being hyped by email blasting chop shops and twitter morons trying to pass themselves off as stock experts.
Hampton Roads Bankshares is, (as the name implies) a bank, and it is profitable.
If you like a company that puts out a news release for any and every little event....then move along, you won't like HMPR. That's not to say there isn't news, just not the usual fluff you see so often with speculative money losing companies. Hampton Roads Bankshares has a proposed merger with Xenith Bankshares that is expected to receive shareholder approval on July 29th.
Perhaps in anticipation of that news the stock has gone on a bit of a run. I've written about Hampton before, back on May 11th when the PPS was $1.81:
It closed Wednesday July 27th 2016 at $1.98 and now the chart shows the 50 day moving average poised to cross over the 200. Followers of Technical Analysis (or TA for short) refer to this as a "Golden Cross", when a faster moving average crosses over a slower one. And for devotees of TA the "goldenest" of golden crosses is the 50 over 200.
Full disclosure to my devoted blog dogs, (yes all three of you) I am a shareholder so my opinions are not without bias. And while I believe HMPR is a solid "buy and hold" long term investment....I could be wrong. Do your own DD and don't hesitate to consult with a licensed professional.
HMPR hardly gets any chatter on places like twitter and stocktwits, this is not some speculative money losing company being hyped and promoted like its the greatest investment vehicle of all time and a sure fire winner. If you want a stock like that sign up with some email blasting chop shop.
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