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HIHO, HPJ, GAI, CBAK – Hot Penny Stocks

A.J. Watkinson October 13, 2013 Hot Penny Stocks 1 Comment
HIHO, HPJ, GAI, CBAK – Hot Penny Stocks

There’s no doubt every investor is glued on the edge of his or her seat as the US government shutdown continues.

What’s amazing is the mere agreement between Republicans and Democrats to head back to the negotiation table sparked a massive 2-day, 50-point rally in the S&P 500!

But the major stock indices aren’t the only thing that popped on the potential for resolution…

In just the last trading session, quite a few small cap and penny stocks rallied as well.  The penny stocks I see worth watching are the Chinese-based industrial goods stocks. 

You see, the Chinese economy benefits when the US economy is on track.  And once the US resolves their budget dispute, we’re bound to see the US economy pick back up where it left off- in growth mode!

So why the industrial goods stocks?  Well, I’ll give you two reasons…

First, as I just stated, a resolution of the budget dispute by the US government will put the US economy back on track, driving demand out of China.  It’s become a truly global economy, and China depends just as much on us as we do on them for growth.

But the more interesting reason has to do with the headline-driven rebound of a number of penny stocks in this industry.  Many of these stocks popped by 10% or more on Friday’s US news.

Here’s a short list of Asian industrial goods stocks that saw shares rally Friday-

  • Highway Holdings (HIHO) – 13.8%
  • Highpower International (HPJ) – 13.4%
  • Global-Tech Advanced Innovations (GAI) – 13%
  • China BAK Battery (CBAK) – 24.4%

These stocks, and a number of other players in this space, could really take off if an actual resolution in the US budget battle comes to pass.  Just look at what a mere step forward in negotiations did for this group.

Keeping you one step ahead,

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A.J. Watkinson

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About The Author

A.J cut his teeth while working for more than 12 years on the corporate side of the financial services industry in the suburbs of New York City. In addition, A.J. has successfully traded stocks, options and currencies as an independent trader since the late 90's. Eventually A.J. moved out of the "rat race", landing in North Scottsdale, Arizona. During the past few years, he's worked as the editor of a number of high profile financial newsletters. In this role, he's run trading services for penny stocks, options, currencies, ETFs, and FOREX. While under his direction, each of these trading services had turned in positive performance... something very rare in the financial newsletter industry. In addition, he's been a regular contributor to a number of financial websites- writing under multiple pen names. A.J.'s current goal is to share his real world experiences and success (and failures) in the various financial markets to help others not only make money- but avoid losing it. It's this vision and passion that has led A.J. to launch pennystockreporting.com. Most of all, A.J. hopes to keep the little guy from getting caught up in the highly unscrupulous penny stock pump and dump scene.

1 Comment

  1. BianCaridley October 23, 2013 at 4:10 am

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