Penny stocks can move fast and be highly volatile. To be successful, you need to make a list of stocks to watch — and potentially trade — every day.
Are you prepared for trading today? Are you using @sttbreakingnews and @StocksToTrade scans so you know which stocks to focus on? Building a watchlist, knowing all the key technical levels of & preparing ahead of time isn’t fun, but it’s the ONLY way to get ahead of 90% who lose!
— Timothy Sykes (@timothysykes) December 14, 2020
Many new traders feel overwhelmed at first. How do you choose stocks for your watchlist? It all starts with looking for big percent gainers. Keep reading for more about how to create your own penny stock watchlist.
First…
News Moving the Penny Stocks on This List
OTCs are hot, hot, hot! But it’s not just OTCs. It’s like the entire market is on steroids. From vaccine solutions to new product launches, this week’s penny stock list covers a wide range of news. There’s even a stock that spiked on news of PPP loan forgiveness…
For those of you learning to trade, this is the ideal time to focus on growing your knowledge account. You couldn’t pick a better market to learn.
With that in mind, join me on Wednesday, December 16 for…
Market Mastery 2020 Live Trading
This is the LAST Market Mastery live trading day of 2020. Be there!
Read More
Read these related posts to learn more…
- Are Penny Stocks Worth It? Tips to Find the Top Penny Stocks. If you’re dedicated to learning to be a successful trader, this article is for you.
- Pfizer COVID-19 Vaccine Endorsed by FDA Panel. Straight from the StocksToTrade Breaking News guys. This news relates directly to stock #3 on this week’s list.
- Top Penny Stocks To Watch My monthly watch list is a great place to learn my thought process so you can make your own.)
Top Penny Stocks List Weekly Update: 12-14-2020
OTCs were hot last week, so we’ll start there. After that, we’ll move on to listed stocks…
Top OTCMarkets Penny Stocks To Watch
Below is my OTC penny stocks list for the week starting December 14. Again, OTCs have been hot so they’re the main focus for this week’s highlights. Be sure to read everything so you understand the thought process that goes into my list.
Top Penny Stocks List Weekly Update #1: StrikeForce Technologies, Inc. (OTCPK: SFOR)
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StrikeForce Technologies is about to launch a video conferencing platform. SFOR first came to my attention as a Zoom (NASDAQ: ZM) sympathy play in September. Now SFOR is one of the top three multi-day runners on my watchlist.
The stock is spiking on news of the pending launch on December 18.
StrikeForce CEO Mark Kay said, “There’s a huge void in the video conferencing industry. Video conferencing has become the new-normal way for businesses and consumers to meet. However, the current systems were not designed to protect people, data, or confidential information. They were designed with one single task in mind, allow people to see & hear each other.
“Since we believe none of the existing video conferencing platforms were designed by a cybersecurity company, they suffer from high churn rates and bad publicity due to the lack of security and numerous breaches.”
Read the full press release here.
SFOR has spiked 4,735% in four trading days since the press release. I’ve traded it several times. That includes Friday, December 11, when it was closing strong and holding above multi-day highs. I probably should be long SFOR over the weekend but didn’t want the stress. Since it had already met my goals I played it safe.
Premarket on December 14, SFOR looks set to gap up over 30%. I’m mostly watching it as a potential rebuy into any big morning panic.
Top Penny Stocks Weekly Update #2: Tesoro Enterprises, Inc. (OTCPK: TSNP)
TSNP is another multi-day runner and one of my highest profit stocks of 2020. The stock started running in November on news of a merger with HUMBL, LLC. The merged company is launching a new payment app.
On December 9, the company announced completion of the merger and sales of warrants to raise cash…
“As a result of the completion of the merger, HUMBL was able to consummate November 23, 2020 agreements to raise funding through the cash sale of warrants. As these warrants are exercised, HUMBL will access up to $50 million in equity funding, to be used for marketing of the HUMBL global brand; the HUMBL® mobile app and HUMBL Hubs® merchant software; as well as distribution and partnerships around the world.
“Shares acquired through the exercising of the warrants will not be saleable through the retail market for a period of one year from the purchase date of the warrants.”
Read the full press release here.
Here’s the TSNP six-month chart:
TSNP ran 2,756% between November 12 and December 8 when it hit a 52-week high of .3599. It’s still up 1,325% in a month. Again, I probably should have been long TSNP over the weekend but I’d rather play it safe. For now, TSNP is a potential buy into any big morning panic.
Top Penny Stocks Weekly Update #3: Reflect Scientific, Inc. (OTCPK: RSCF)
RSCF started spiking December 2 after announcing a patent for a COVID-19 capable transport system.
RSCF gapped up to a new 52-week high today after announcing another low-temperature patent. According to the press release…
“The cold chain management of COVID vaccines continues to present challenges in storage and distribution; and we believe our patented freezer technology could have a favorable and positive impact on the current pandemic and would be a valuable asset for the distribution and storage of the current COVID-19 vaccines that require storage at extremely cold temperatures.
“We are still awaiting response from Operation Warp Speed, a FEMA contractor, and other organizations, from who we have received inquiries for our Cryometrix S-90 cryogenic shipping and storage system. These systems can also serve as a cold (e.g. -80C) storage unit once at destination. We do have a large-scale manufacturing capability should these inquiries firm up.”
Read the full press release here.
Here’s the RSCF six-month chart:
RSCF ran 1,058% from December 2 to December 11 when it hit a 52-week high of $2.78 per share. We’ll see how high it can go this week with the new patent.
I’ve underestimated RSCF several times. Like SFOR and TSNP, I probably should have been long over the weekend. Again, I felt better playing it safe. I’ll watch for potential dip buys into any big panic.
Top Penny Stocks List Weekly Update #4: MJ Biotech, Inc. OTCPK: MJTV)
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MJ Biotech is currently in the COVID-19 test kit business. The company used to be in the hemp tea and essential oils markets. It’s a typical sub-penny junker with zero revenue and a string of failed product launches.
MJTV spiked last Friday on news it “has entered the Professional medical testing sector and has IN STOCK FOR IMMEDIATE DELIVERY Emergency Use Authorized COVID-19 “Coronavirus” IgG/IgM Rapid Test Kits.”
Read the full press release here.
Note: the press release indicates MJTV trades on the OTCQB. That implies higher standards of reporting than OTC Pink. But on the OTCMarkets website, MJTV is listed as Pink. It also shows “Delinquent SEC Reporting” and comes with a standard warning. This is a typical example of just how sketchy these companies can be. Remember, they are trading vehicles and NOT investments.
Here’s the MJTV six-month chart:
StocksToTrade Breaking News alerted MJTV premarket on Friday. The stock gapped up 70% into the open. It continued to spike and was up 925% by 10:19 a.m. before pulling back. Even though volume faded and MJTV didn’t finish strong, it still ended the day up 440%. It’s a potential buy if it can show follow-up spiking, ideally with big volume and/or news.
Top Listed Penny Stocks to Watch
Here are my listed penny stocks to watch for the week of 12-14-2020. It includes new and recent spikers. All are off their recent highs, but worth watching for signs of bouncing. Ideally, with news and volume.
Top Penny Stocks List Weekly Update #5: Socker Mobile, Inc. (NASDAQ: SCKT)
Socket Mobile offers mobile point of sale cordless barcode scanners.
SCKT closed strong and spiked big after hours on Friday on this news found in an 8-K filing..
“The Company received a notice from Western Alliance Bank regarding forgiveness of the loan in the principal amount of approximately $1.06 million that was made pursuant to the Small Business Administration Paycheck Protection Program (“PPP”) under the Coronavirus Air, Relief and Economic Security Act of 2020. According to the Notice, the full principal amount of the PPP Loan and the accrued interest have been forgiven.”
Read the full 8-K filing here.
Here’s the SCKT six-month chart:
SCKT spiked more in premarket trading today, hitting a 52-week high of $4.60 per share. It then dropped more than a dollar per share into the open. I’m watching for signs of follow-up spiking, preferably with big volume and news.
How to Create Your Own Penny Stock List
Want to know how to create your own watchlist? To start, look for big percent gainers. For two decades, big percent gains have been my #1 criteria. After that, I look at trading volume and catalyst or reason behind the price action. Read “Stock Watchlist Guide: Tips & Examples to Develop Your Own” for details about the entire process.
How to Use the Top Penny Stocks List Weekly Update
When you read the weekly penny stock list (and the monthly watchlist), don’t think of them as hot picks. Frankly, sometimes they’ll be duds. That’s why it’s called a watchlist. Welcome to penny stocks.
👉🏼SUBSCRIBE to my FREE weekly stock watchlist here.
Instead, try to figure out why I’ve put the stocks on my list. Study so you can become a self-sufficient trader. Only fools chase hot picks.
What do you think about this penny stocks list weekly update for 12-14-2020? Comment below, I love to hear from all my readers!
The post Top Penny Stocks List Weekly Update: 12-14-2020 appeared first on Timothy Sykes.