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. Remember, penny stocks are trading vehicles, NOT long-term investments…
Try not to laugh too loudly when promoters compare their pumps to $AMZN $MSFT $TSLA $PYPL as that never changes in penny stocks due to small companies always needing capital so they hire/work with promoters, but you can learn to recognize it & ride the hype just never believe it!
— Timothy Sykes (@timothysykes) February 22, 2021
Many new traders feel overwhelmed — especially with all the hype in the markets right now. How do you choose stocks for a watchlist? It all starts with looking for big percent gainers. Keep reading for more about how to create your own penny stock watchlist.
News Moving the Penny Stocks on This List
Bitcoin is down nearly 6% to start the week. If it holds lower, it could have a negative effect on the first two featured stocks.
The Dow looks set to open down slightly as tech stocks pull back. That news could affect featured stocks #3 and #4. Remember, roughly three out of four stocks follow the overall market.
Finally, small stocks are outpacing big companies during this bubble market. It’s bringing new money to the markets, but when the bubble pops it could get ugly. Trade safely this week!
Read these related posts to learn more…
- Bitcoin Is the Winner of the GameStop Hearing. Robinhood restricted buying of GameStop to meet clearinghouse deposit requirements. Is blockchain architecture the answer to the T+2 dilemma?
- Trading Risk Management: Best Tips and Strategies for 2021. The hot OTC market is tempting, but the opportunity comes with increased risk. All the more reason to prioritize risk management.
- 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: February 22, 2021
OTCs are still super hot, so I’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 February 22, 2021. Be sure to read everything so you understand the thought process that goes into my list.
Top Penny Stocks List Weekly Update #1: BOTS Inc. (OTCPK: BTZI)
BOTS, Inc. develops blockchain, cybersecurity, and robotics solutions for clients. The company believes robots will soon be as common as laptops and mobile phones.
On February 19, BOTS announced it placed an order for 1,000 next generation bitcoin miners.
CEO Paul Rosenberg said, “With our deeper move into the Bitcoin mining business we plan to utilize our additional experience in robotics automation and artificial intelligence in order to increase our revenues through cryptocurrency operations while further optimizing our product offerings. We believe it will boost profitability while bolstering the Company’s transformation as a vertical integrator with comprehensive involvement in this industry.”
Also on Friday, Kronos Advanced Technologies chose BOTS to develop a crypto mining rig for its AirDoge. The AirDoge is the first-ever air purifier with a built-in Dogecoin mining rig.
Kronos president Michael Rubinov said, “[…] we believe engaging BOTS Inc as a partner will play a key role in developing the full potential of Kronos and raising the overall awareness of the Company.”
Here’s the BTZI one-year chart:
BTZI spiked 122% on Friday and hit a 52-week high of $0.379. I held it over the weekend. It was one of the better multi day runners in the high-flying crypto sector. The price action was too good to ignore.
I was looking for a gap up at the open, but it didn’t happen as Bitcoin was down. So I followed rule #1 and cut losses quickly. Later I was able to dip buy the morning panic for a small win. See details of my BTZI trades here.*
(*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: BitFrontier Capital Holdings, Inc. (OTCPK: BFCH)
BitFrontier Capital Holdings is a crypto-currency mining and blockchain investment company.
On February 19, the company announced its first few crypto mining rigs were online. It also teased bringing more mining rigs online…
“We will continue to bring miners online throughout the weekend and into next week and provide more information and pictures via our twitter as we bring more of them online.”
Here’s the BFCH one-year chart:
BFCH ran 138% and hit a 52-week high of $0.54 on Friday.
BFCH price action this week likely depends on Bitcoin and what happens in the crypto sector. I traded BFCH on Friday. The midday breakout was weak, so I locked-in profits. I underestimated it — the stock continued to trend up the rest of the day. See details of my BFCH trade here.*
Top Penny Stocks List Weekly Update #3: SponsorsOne, Inc. (OTCPK: SPONF)
SponsorsOne is an influencer marketing company. It uses social media ‘word-of-mouth’ to drive consumers to online and brick-and-mortar shops.
On February 16, SponsorsOne announced its entry to the direct-to-consumer spirits market…
CEO Myles Bartholamew said, “In a recent press release a little over a month ago, we said that the Company had planned to open our direct to consumer (“DTC”) sales channel, and now we are entering the $24 Billion DTC Spirits Market. […] we are set up to lead this growth with high-quality products that consumers can buy online.”
On February 20, SponsorsOne updated shareholders on the terms of a private placement…
“SPO has issued an additional 62,156,220 common shares […] reducing accounts payable by $1,553,905.50.”
Check out the SPONF one-year chart:
SPONF spiked 150%, hitting a 52-week high of $0.11 on Friday before pulling back to close up 64%.
I’ll watch to see how the weekend private placement news affects the stock.
Top Penny Stocks List Weekly Update #4: AppSwarm, Inc. (OTCPK: SWRM)
AppSwarm is a mobile app developer. The company specializes in fast launches of mobile apps for gaming and business.
On February 19, AppSwarm announced live-streaming for its SwarmConnect video conferencing software.
“SwarmConnect now supports live streaming through RTMP (Real Time Messaging Protocol). As a host, you can broadcast your video conference to hundreds or thousands of viewers and beyond. SwarmConnect Live Streaming is compatible with any platform that supports RTMP streaming, including Facebook and YouTube Live.”
Here’s the SWRM one-year chart:
SWRM hit a 52-week high of $0.0435 on Friday. An all-day runner, it closed up 220%.
Friday was the first green day for SWRM. I’ll watch for intraday panics, but until it runs multiple days I’ll be cautious with dip buys. Ideally, it spikes more with big volume and news. I traded SWRM three times on Friday. See my SWRM trades here.*
Top Listed Penny Stocks to Watch
Right now I’m mostly focused on OTCs as they’re hot. But there’s one listed penny stock on my watchlist going into the week of February 22, 2021.
Top Penny Stocks List Weekly Update #5: ReTo Eco-Solutions Inc. (NASDAQ: RETO)
China based ReTo Eco-Solutions manufactures and distributes eco-friendly construction materials.
ReTo spiked 82% in fifteen minutes during after hours trading on Friday. Over the weekend it was on a popular website’s watchlist for the week.
In pre-market trading, RETO is up over 125%. As I write, it’s the biggest percent gainer, most volume, and highest dollar volume stock in the market.
I’ll keep an eye on RETO. Ideally the company will issue some news. Otherwise, I’ll be cautious.
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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