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 path to success, wealth & freedom starts wth frustration, confusion & doubt, the beginning is ALWAYS the hardest/most costly & sadly too many people aren’t dedicated/patient enough to stick with their big dreams/goals, quitting far too early in the process…what will you do?
— Timothy Sykes (@timothysykes) December 20, 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
Congress agreed a long-awaited $900 billion stimulus package over the weekend. But the major indexes are down to start the week after the UK identified a new strain of coronavirus.
The mutation could be up to 70% more transmissible. The news forced several European countries to close their borders to UK travelers.
This week is also when the so-called Santa Claus Rally begins. As we head into the week, remember that roughly 75% of stocks follow the overall market. Be prepared for anything.
Read More
Read these related posts to learn more…
- Top Biotech Penny Stocks to Watch — December 16, 2020. Pandemic, vaccine, and cancer breakthroughs can all catch the market’s attention. But remember, ride the hype, don’t buy it.
- Stocks Rise As FDA Declares Second Vaccine “Highly Effective.” Moderna, Inc. (NASDAQ: MRNA) completed phase three trials for its COVID-19 vaccine. The results were submitted to the FDA for emergency-use authorization. The test indicates it’s 94% effective.
- Robinhood’s $65 Million Settlement. Robinhood has agreed to pay a $65 million settlement. The SEC accused Robinhood of executing orders at inferior prices compared to other brokers.
Top Penny Stocks List Weekly Update: December 21, 2020
OTCs are still top on my list this week. Let’s start there and then move on to listed stocks.
Top OTCMarkets Penny Stocks To Watch
Below is my OTC penny stocks list for the week starting December 21, 2020. The list includes several multiday runners. #2 on the list was also a recent short squeeze. All are potential dip buys for me.
Top Penny Stocks List Weekly Update #1: Ultrack Systems Inc. (OTCPK: MJLB)
Ultrack Systems provides wireless and GPS based tracking systems for fleet vehicles.
MJLB had a multi month breakout when the company announced a partnership with Telus Corp. (NYSE: TU) on December 10.
The press release quoted both companies…
“They [Ultrack Systems] prepared a phased approach to onboard new customers while converting their existing customers seamlessly over to the TELUS network. TELUS worked closely with Ultrack, focusing on developing systems and processes that took their multiple pricing plans and billing requirements, product roadmap, and hardware and software integrations into consideration.”
Ultrack Systems commented: “Ultrack is thrilled to be working hand-in-hand with TELUS. The synergy between the two companies is profound and is just what we needed to stay on the cutting edge and offer more for less to our constituency.”
Partnership press releases tend to move stocks better when both companies get quoted.
Read the full press release here.
MJLB spiked again on December 14. The company announced integration of its tracking solutions with BMW and Tesla models
Ultrack CEO Michael S. Marsbergen said, “Ultrack Systems Inc. has been working in the EV market for quite some time and we believe EV is the future. Developing technology and strategic relationships will ensure that Ultrack can always have a growing footprint in this space. We are paving the way for further expansion into the EV market and are targeting to arrive in Q2 of 2021.”
Read the full press release here.
Here’s the MJLB six-month chart:
MJLB hit, and closed near, a 52-week high of 0.0719 on Friday. It’s one of my top potential dip buys on any big intraday panic. It could also be a buy on any big spike with news and volume.
Top Penny Stocks List Weekly Update #2: Luckin Coffee Inc. (OTCPK: LKNCY)
Luckin Coffee is a China-based coffee shop chain. Between November 2019 and January 2020, LKNCY ran from the $20s to a high of $51.38. After self-reporting fabricated transactions worth $300 million, the stock tanked in April.
In a recent settlement with the SEC, the company agreed to pay a $180 million penalty.
The stock started moving when the company issued a press release about the settlement…
Dr. Jinyi Guo, Chairman and CEO said, “This settlement with the SEC reflects our cooperation and remediation efforts, and enables the Company to continue with the execution of its business strategy.
“The Company’s Board of Directors and management are committed to a system of strong internal financial controls, and adhering to best practices for compliance and corporate governance.”
LKNCY continued to run on Friday when the company issued another press release about debt restructuring…
“We are pleased that, following an extensive review of the Company’s operations and financial position, the JPLs, in conjunction with the Company, have developed a detailed and viable restructuring proposal of the Company’s indebtedness, with a view to the restructuring being presented by way of one or more schemes of arrangements before the Cayman Islands court. The proposal has been developed for the benefit of all stakeholders.”
Read the full press release here.
Check out the LKNCY six-month chart:
LKNCY hit a six-month high of $10.54 on Friday before pulling back to close at $9.42. The stock is still up 78% in two days.
I tried to buy the morning panic on Friday but missed by a few cents per share. Then I chased a little and sold for a small loss. As it turns out, I was on the right track. The stock ran more than $2 a share after my trade.
I’m watching for follow-up panics to dip buy, especially near the market open.
Top Penny Stocks List Weekly Update #3: NanoOne Materials Corp. (OTCPK: NNOMF)
NNOMF is an EV battery play. The stock isn’t usually as volatile as I like. But it has shown the ability to hold gains and base for multiple months.
NanoOne gapped up nearly 10% on Friday after the company announced a benchmarking agreement with a major EV manufacturer.
According to CEO Dan Blondal, “We have added a major global EV leader to our pipeline of opportunities and we aim to develop this relationship into a long term commercial arrangement. We are well positioned with many strategic opportunities and we have the momentum, core competency and working capital to execute on our business plans.”
Read the full press release here.
Here’s the six-month NNOMF chart:
NNOMF hit, and closed near, a 52-week high of $3.43 on Friday. I’m watching for a potential buy, ideally a dip buy into any big morning panic. But if the company issued a joint press release with the major EV company, that could spike the stock.
Top Penny Stocks List Weekly Update #4: NaturalShrimp Inc. (OTCQB: SHMP)
NaturalShrimp is a shrimp-farming biotech. SHMP was a big winner for me and several top students in early 2019 when it went full supernova. During a two-week run, it went from roughly 5 cents to 95 cents a share.
SHMP has shown the ability to put together multiday runs several times. The stock moved a little in late November on news of a joint venture with Ecoponex Systems. It started a multiday run on December 14 with no apparent news.
On Friday, the company announced closing on the acquisition of Alder Aqua, LLC.
NaturalShrimp CEO Gerald Easterling said, “This acquisition represents a watershed moment for both the Company and its shareholders. The state-of-the-art facility, alongside our other expansion project in La Coste, Texas provides NSI the resources and capacity to become the largest RAS shrimp producer in the country.
“This turnkey operation affords us the benefit of not only creating a facility that will produce thousands of pounds of shrimp per week, but also the opportunity to work with existing Barramundi distributors for an incremental revenue stream that could be effective in a relatively short time.”
Read the full press release here.
This is the SHMP six-month chart:
SHMP hit a 52-week high of .3359 on Friday. Along with MJLB, this is one of my top potential low-priced dip buys this week. Especially if it continues to run. I’d prefer maximum intraday panic for a dip buy. I’d also consider buying any big spike with news and big volume.
Top Listed Penny Stocks to Watch
Here are my listed penny stocks to watch for the week of December 21, 2020. All are recent spikers worth watching for potential buys. Ideally, dip buys into big morning panics. They all tend to be choppy with a mixed history of holding spikes.
Top Penny Stocks List Weekly Update #5: AgEagle Aerial Systems Inc. (AMEX: UAVS)
UAVS is a drone-delivery play. The stock went supernova in late April and early May on news of a partnership between CVS and UPS to deliver prescriptions via drone.
UAVS spiked on Friday with its highest volume since late July. Aside from a recent 8-K filing registering a change of accounting firms, there’s no news. But several financial sites featured UAVS in write-ups last week.
Note: UAVS was a huge Twitter pump in April. So it’s no surprise the Twitter promoters are at it again.
Here’s the UAVS six-month chart:
UAVS closed up 24% on Friday. I’d love to see a massive intraday panic to buy into. But this one trades choppy and I’ve had mixed results in the past so I won’t chase.
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!
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