HAO Habanero Resources, buying

HAO looks very worthy of accumulating below $0.12 in hopes of exponential gains if or when it breaks above its long-term downtrend, shown in red in the 3-year chart below.



Here is the 10-year chart, which shows the stock's possible explosive potential and the volume study reveals a similar accumulation before the last run-up as it is exhibiting currently.




In our experience something like this is best held until it booms or completely busts. Risk the 100% loss and consider it like a cheap option contract without expiry date. Otherwise selling it on closes below the black uptrend line is a reasonable exit strategy.

The last penny stock we found that looked this good to us was CGP, Cornerstone Capital Resources which we bought pet this blog at its low and sold in mid-February days from its top for a gain of over 450% on the 2nd half of our holdings. We can only hope for even a fraction of that good fortune with Habanero Resources, but we must allocate prudently in preparation for the worst.



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