As has been clearly stated in our name, we generally prefer to stick to special announcements pertaining to penny stocks but today was a very special day for HMHC (Houghton Mifflin Harcourt Corp.). The stock currently priced at $15.83, closed up 31.92% today, on well over 8 million shares traded, after announcing just last night, that their IPO (initial public offering) price, would be set at $12 per share. Clearly the market took very favorably to the IPO with the manner in which things turned out today but of course there will be no significant chart indicators for quite some time, due to this company being freshly introduced to the stock market and thus having no historical pricing info to back up what may occur moving forward. This is where the greatest risk factor comes in, with regard to investing in IPO's; that feeling of stepping out into uncharted territory, that may or may not yield significant return. We greatly look forward to seeing how things move along from here on out.
While HMHC has been enjoying a powerful IPO debut, the crux of our platform continues to be focused in on bringing our subscribers the very best penny stock picks around. Currently our main play is on TEMN (Team Nation Holdings) which has seen gains as great as 2,200% over the course of the past 3 weeks. This week has seen a slowdown, due to consolidation after the major run-up in price but we believe that this consolidation period is quickly coming to an end and is leading way to another powerful leg up in what may be a significant run to come, as awareness to TEMN continues to mount. We are very happy to have been able to bring this power play to our members so early on and believe that there will be far more to come in the near future.
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