~EDWARD $TEVEN$ON EXPRE$$~

[EDWARD STEVENSON]

TimelessWealth.net issues technical trading idea with Hampton Roads Bankshares Inc., stock symbol HMPR ($3.04).

Following a two month long downtrend, Monday’s trading session was the first preeminent sign of reversal Hampton Roads Bankshares Inc. has seen since peaking at $9.90 in late June. Strong volume poured in nearer the end of the trading session, indicating strength in the market and assisting the price past intraday resistances.

Hampton Roads Bankshares Inc. (HMPR) exercised signs of reversal which are covered in our video edition of technical analysis: http://www.timelesswealth.net/hmpr.html. We encourage you review this video to understand the basic signals we use to determine potential reversal candidates.

Hampton Roads Bankshares is a financial holding company that was formed in 2001 and is headquartered in Norfolk, Virginia. "Our primary subsidiaries are Bank of Hampton Roads, Shore Bank and Gateway Bank & Trust Co. We are a full service banking and financial services organization focused on delivering above average returns to our shareholders and superior products and service to our customer base. Through sixty-three office locations, our banks operate in some of the most dynamic markets in Virginia, North Carolina and Maryland".

On August 19th, 2009 Hampton Roads Bankshares Inc. relieved the market by withdrawing a proposed public offering of up to 32,500,000 shares of its common stock. Simply put, the company chose not to dilute the market. That announcement was key.

Per their quarterly report the company had 21,868,924 shares issued and outstanding as of July 31st, 2009. Per yahoo finance , as well as shortsqueeze.com the float is 18,460,000 shares, with 1,840,300 shares short, meaning the security is 10% short.

Book value per common share is $7.54, representing a potential return on investment (ROI) of 148% from Monday’s trading session’s close ($3.04).
Market Capitalization is $66,481,529, insignificant for a bank of this proportion. Their balance sheet reads more cash than their current market cap, with cash per share value of $3.88. To add, Hampton Roads Bankshares Inc. is not on the new FDIC list of problematic banks.

We strongly encourage you review this trading idea with further research. Our report is designed to cover key technical and fundamental concepts while providing a starting point with due diligence material. Regarding our undervalued investment opportunity with Wireless Age Communications, Inc. (WLSA), we believe the month of September will be a breaking point for the company and will reflect about the security with enhanced shareholder value. All the best.

Sincerely,
Edward Stevenson
Timeless Wealth Staff.