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.
The market changed a lot over the past few weeks. Traders who got spoiled by January and February trading need a perspective shift. Too many traders focus on the money rather than the process.
The reality is, most of us in the first world have no idea how the rest of the world lives…
Too many people have the wrong idea about money as we’ve ALL been spoiled lately by this insane #StimulusCheck funded bubble so it’s good to have perspective on how most people live in our world, retweet/favorite this if you realize that 1/2 the world lives on roughly $5 per day! pic.twitter.com/dQOSVtvHhf
— Timothy Sykes (@timothysykes) April 2, 2021
Process matters most. Now is the time to rededicate yourself to the process.
So how do you find 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
The collapse of Archegos Capital, which I mentioned last week, is getting uglier. If the reported $110 billion in losses is true, it could create a domino-effect in the markets.
I’m really praying this rumored $110 billion in losses on #Archegos is wrong, this is the kind of #BlackSwan event that can cause an ugly domino-effect chain reaction that takes down over-extended bull markets like our current $DIA $SPY $QQQ 2008 style. Fuck you Bill Hwang, truly
— Timothy Sykes (@timothysykes) April 3, 2021
Stock futures were up early Monday after a strong jobs report on Friday. Roughly three out of four stocks follow the overall market. Still, now is a time to focus on your risk management strategy. Stay safe.
Read More
Read these related posts to learn more…
- All the Ways You Can Lose in the Stock Market {VIDEO}. Check out my blunt take on why most traders lose in the stock market.
- 10 Best Crypto Penny Stocks to Watch Now. Hot cryptocurrencies can create hot crypto penny stocks. Some traders refer to these runners as sympathy plays, and you’d be wise to study them.
- 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: April 5, 2021
The market ebbs and flows. Sometimes there are too many trades. Other times, it feels like it’s hard to find anything worth trading. That’s why I try to help my students adapt when the market changes. It’s all about perspective. As you study this week’s list, focus on process and perspective.
Let’s start with OTCs. 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 April 5, 2021. Be sure to read everything so you understand the thought process behind my watchlist.
Top Penny Stocks List Weekly Update #1: ImagineAR Inc. (OTCQB: IPNFF)
ImagineAR is an augmented reality platform. It lets businesses create augmented reality campaigns without tech experience or in-house programmers.
On April 1, ImagineAR announced selection by 13 sports teams, federations, and media broadcasters at HYPE GVA 2.0. The Hype Sports Innovation Global Virtual Accelerator is an opportunity for startups to partner with leading sports organizations.
Neal Bendesky, ImagineAR’s VP of Sports, said “Today’s Hype Sports Innovation Draft Day was a historic event for the stakeholders of ImagineAR that goes beyond the selection of 13 rights holders representing a worldwide list of sports federations, teams, and media broadcast groups.
“We are appreciative to Ryan McCumber and the Hype team for offering this unique opportunity for emerging start-ups to help these partners to adjust and innovate after the pandemic. Our augmented reality platform is an effective tool to assist the sports, music, retail and entertainment industries imagine and adapt to blaze a new trail for their business models.
“Thanks to Hype, we can now grow our brand and activate AR solutions for worldwide clients.”
Read the full press release here.
Here’s the IPNFF one-year chart…
IPNFF closed up 30% on Thursday. I traded this stock in March on NFT news. See details of my IPNFF trade* here. I’m watching for follow-up spikes or morning panics.
(*Please note: My results are far from typical. Individual results will vary. Most traders lose money. I have the benefit of years of hard work, dedication, and experience. Trading is inherently risky. Do your due diligence and never risk more than you can afford to lose.)
Top Penny Stocks List Weekly Update #2: 88 Energy Limited (OTCPK: EEENF)
88 Energy is an Australia-based oil and gas operations company. It has operations in Australia and Alaska.
88 Energy is getting promoted heavily on the r/PennyStocks subreddit. Volume picked up in March when promoters started cranking out due-diligence posts. The stock is up 1,408% since March 10.
On March 31, 88 Energy issued an update about its Alaska operations.
Here’s the EEENF 1-year chart.
EEENF closed down 15% on Thursday, but it was one of the best bouncers of the stocks I traded. It also got a lot of r/PennyStocks attention over the long holiday weekend. I’ll consider a re-buy into any big morning panic. But I’ll be cautious as the level 2 was strange. See details of my EEENF trade* here.
Top Listed Penny Stocks to Watch
Here are my listed penny stocks to watch for the week of April 5, 2021. They’re all higher priced spikers with news. Let’s see how far they can go. All are potential dip buys but I won’t chase.
Top Penny Stocks List Weekly Update #3: Chembio Diagnostics Inc. (NASDAQ: CEMI)
Chembio Diagnostics develops point-of-care diagnostic tests for infectious diseases.
On April 1, Chembio announced the commercial launch of a test differentiating COVID-19 and Flu A&B.
Charles Caso, Vice President of Sales and Marketing for Chembio said, “As COVID-19 converges with the flu, it is critical for physicians to be able to quickly differentiate between these viruses at the point-of-care, which present with nearly identical symptoms, in order to take appropriate clinical actions and maximize efficient use of healthcare resources.
“Based on recent research, we expect that the spread of COVID-19 will eventually transition from a pandemic to an endemic state, with the virus surviving among the population at a lower incidence. In this scenario, coupled with the return to normalcy in society, we see COVID-19 testing remaining a crucial and integral component of broader respiratory testing.”
Read the full press release here.
Here’s the CEMI one-year chart…
On Thursday, CEMI spiked 56% in after hours trading on the rapid test news. Again, I won’t chase. It’s a potential dip buy.
Top Penny Stocks List Weekly Update #4: Uxin Limited (NASDAQ: UXIN)
Uxin Limited is a China-based online used car dealer.
On April 1, the company announced it had signed a binding term sheet with potential investors.
“The potential transaction has an aggregate investment amount of potentially up to US$300 million. The completion of the potential transaction is subject to the parties’ execution of definitive agreements and customary closing conditions to be stipulated therein.”
Read the full press release here.
Check out the UXIN one-year chart…
UXIN closed up 68% on April 1 after the potential investor news. I’ll watch to see how high it can go. It’s a potential dip buy for me, especially if it can put together a multi-day run with strong volume.
Top Penny Stocks List Weekly Update #5: dMY Technology Group Inc. II (NYSE: DMYD)
dMY Technology Group Inc. II is a special acquisition purpose company (SPAC). SPACs are created to take companies public without the traditional IPO process. In October, dMY Technology merged with Genius Sports, taking the company public at a valuation of roughly $1.5 billion.
On April 1, the National Football League announced Genius Sports is the new data provider for NFL games.
Mark Locke, CEO of Genius Sports said, “Genius is proud and delighted to partner exclusively with the NFL to establish a new era of digital fan engagement for professional sports leagues everywhere. Our technology leads the world in the convergence of official data, betting, streaming, and digital media and we are excited to bring our unique capabilities to the world’s preeminent sports league.”
Kevin LaForce, Senior Vice President, Media Strategy and Business Development for the NFL said, “We’re excited to welcome Genius Sports to the NFL family. We look forward to working with Genius as we continue to innovate and enhance NFL content on media and betting platforms.”
Read the full press release here.
Here’s the DMYD one-year chart…
DMYD spiked 24% on the NFL news in after-hours trading. It’s a little high-priced for my tastes, but I’ll watch to see how far it can go.
How to Create Your Own Penny Stock List
How Can You 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 a catalyst or reason behind the price action. Read “Stock Watchlist Guide: Tips & Examples to Develop Your Own” for details about the entire process.
Should I Create a Watchlist Every Day?
All serious traders create a daily watchlist. If you’re serious about trading penny stocks, making a daily watchlist is essential.
Does Tim Sykes Provide a NO-COST Watchlist?
Yes. Subscribe to my weekly penny stock watchlists below.
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 NO-COST weekly stock watchlist here.
Instead, try to figure out why I’ve put the stocks on my list. Study so you can help yourself become a self-sufficient trader. Only fools chase hot picks.
What do you think about this penny stocks list weekly update for February 22, 2021? Comment below, I love to hear from all my readers!
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