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. Whatever you do, arm yourself with knowledge…
It’s insane every new bubble I have to have the same exact conversations with a new crop of naive newbies on the verge of account collapses but that’s penny stocks in a nutshell & it’s my job/duty/honor to teach from my 20+ years in this niche. So remember my warnings & STUDY UP!
— Timothy Sykes (@timothysykes) February 7, 2021
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
This market is overwhelming — there’s no other way to describe it. I don’t know how long it will last. So prepare for trading this week, but keep things in perspective…
Once things slow down, it could be many years before we have a market where we’re watching 20-30 stocks every day. We might be getting close to maximum madness. Enjoy it, but stay safe.
Watch weed stocks this week. Over the weekend, Senator Schumer (D-NY) tweeted about ending the federal prohibition on marijuana.
RT @SenSchumer I had a great meeting with @SenBooker @RonWyden & leading marijuana justice groups from across the country to strategize about working together to end the federal prohibition on marijuana/repair the damage done to communities by the War on Drugs. #marijuana #weed
— Stt Breaking News (@sttbreakingnews) February 6, 2021
Before we get to the top penny stocks list…
Read More
Knowledge is power. Grow your knowledge account by reading these related posts…
- Top Stocks to Watch Today: Friday, February 5. Friday’s list shows hot sector momentum continues. There’s a ton of opportunity including a potential comeback for weed stocks.
- Can You Spot This Pattern Before a Stock Spikes? {VIDEO}. Learn why certain news has legs in this video. This idea applies directly to stock #4 on this week’s top penny stock 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: February 8, 2021
Be prepared for anything. In this bubble market, a non-ideal play can turn into an ideal play. Lower percent gainers can turn into big percent gainers.
All of my top five stocks to watch this week are OTCs, so we’ll start there. Then 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 8, 2021. Be sure to read everything so you understand the thought process that goes into my list. Pay attention to the sympathy play on this week’s list, too.
Top Penny Stocks List Weekly Update #1: Tesoro Enterprises Inc (OTCPK: TSNP)
Tesoro Enterprises recently merged with HUMBL, LLC and will be renamed HUMBL, Inc. It’s being touted as the next PayPal by promoters. On January 25 the company launched its HUMBL Financial™ Division.
TSNP is the biggest runner, percent gainer, and winning stock in the past few months. The most recent spike started when the company launched BLOCK ETX in 100 plus countries. The February 2 announcement outlines nine block exchange traded indexes. It’s important to note the ETXs aren’t offered in the United States.
Calvin Wright, Chief Market Strategist at HUMBL Financial™ said, “If you look at investing in Mutual Funds and ETFs over the last century, multi-asset baskets have traditionally been an easy way for customers to buy and hold over the long-term. BLOCK ETXs deliver new technologies in a proven format, for the blockchain trading markets, and other asset classes over time.”
Read the full press release here.
Take a look at the TSNP one-year chart…
TSNP hit a 52-week high of $1.69 per share on Friday. Keep in mind this was a sub-penny stock as recently as November 2020. From November 16 to its Friday close at $1.38 per share, TSNP is up 10,852%. Last week it more than tripled after opening at $0.368 on February 1.
TSNP is my #1 watch for a big intraday panic sometime this week. The bigger the panic and the lower it goes, the better for a potential dip buy. See details of my TSNP trades here.
Top Penny Stocks List Weekly Update #2: Enerkon Solar International Inc. (OTCPK: ENKS)
Enerkon Solar constructs large-scale solar power plants in the U.S., Turkey, and Africa. The company is also expanding into hydrogen fuel-cell technology and other green tech.
The most recent Enerkon press release was a 2020 year end summary and 2021 projections. ENKS dropped 30% after the announcement said the company was behind in its filings.
Read the full press release here.
After retaining new counsel, the company submitted its annual report on February 3. On February 4, ENKS closed up 140%.
Here’s the ENKS one-year chart…
ENKS spiked another 219% on Friday, closing at a 52-week and multi-year high of $1.99. On February 6, the company submitted a letter to OTCMarkets. The letter answered the question of whether Enerkon Solar had ever been a shell company.
ENKS had a big morning spike on Friday, held it’s gains, and closed strong. It’s a potential dip buy into any big intraday panic. See details of my ENKS trades here.
Top Penny Stocks List Weekly Update #3: Solar Integrated Roofing Corporation (OTCPK: SIRC)
Solar Integrated Roofing installs roofing integrated with solar panels. The company is buying other solar installers to expand its footprint nationally.
Solar Integrated Roofing announced the acquisition of Enerev, LLC on January 21. On February 3, the company announced the creation of an EV Charging Solutions division.
CEO David Massey said, “We are excited to have entered the substantial, growing EV charging space — addressing an incredible, rapidly emerging market opportunity. We are well positioned to acquire promising EV charger installers in key growth markets across the U.S. where early EV adoption has been greatest. I look forward to announcing further developments on this front as we continue our rapid pace of operational execution, creating long-term value for our shareholders.”
Read the full press release here.
Check out the SIRC one-year chart…
SIRC hit a new 52-week high four days in a row last week. On Friday it finally showed signs of slowing down, pulling back from its high of $3 to close at $2.76. It’s up 5,650% in three months.
After six green days in a row, and Friday’s slowdown, SIRC looks toppy. I’m watching for any big intraday panic to dip buy. The bigger the better. See details of my SIRC trades here.
Top Penny Stocks List Weekly Update #4: Forwardly Inc. (OTCPK: FORW)
Forwardly is a financial services holding company. It is also directly linked to the first stock on this week’s list, TSNP.
On December 10, the shell company announced a cash investment in Tesoro Enterprises. The purchase of warrants allows Forwardly to buy up to 500 million shares of TSNP within 2 years.
CEO George Sharp said, “HUMBL’s business model […] made this investment especially interesting to Forwardly. The investment has already proven to be mutually beneficial. As a result of the public’s enthusiasm in HUMBL’s endeavors, and the fortuitous timing of the execution of the purchase agreement, the warrants negotiated by Forwardly are already well in the money, and Forwardly owns an asset currently worth over one hundred million dollars.”
HUMBL, Inc. President, Brian Foote, stated, “George’s assistance with the HUMBL merger […] made a relationship with Forwardly a natural event.”
Read the full press release here.
Check out the FORW one-year chart…
FORW hit a 52-week high of $0.98 on Friday. Looking at the charts together, FORW clearly moves in sympathy with TSNP. One thing to note is the big increase in volume. TSNP volume increased 380% between Monday and Friday last week. FORW’s volume increased 1,128%.
I’m watching FORW as a sympathy play to TSNP. It’s another potential dip buy into any big morning panic. In the meantime, the higher it goes, the better. See details of my FORW trades here.
Top Penny Stocks List Weekly Update #5: Alternet Systems Inc. (OTCPK: ALYI)
Alternet Systems, Inc. is in the EV sector. The company’s ReVolt electric motorcycle will roll out in Africa and the U.S. later this year.
ALYI has consistently uptrended since the beginning of 2021 on news of the ReVolt rollout. On February 4, the company released a multimedia presentation detailing its strategy.
“Now ALYI is unveiling the company’s overarching strategy for its global, long-term, democratized electric vehicle ecosystem designed to continuously introduce new electric vehicles, supporting technology, and the infrastructure components necessary to support electric vehicle transportation on land, sea and in the air.”
Read the full press release here.
Take a look at the ALYI 100-day chart…
ALYI hit a multi-week, multi-month high of $0.11 on Friday. After three green days in a row, I’m watching for any big intraday panic. If ALYI can go higher first, all the better.
Other OTCs On the Watch for Dip Buys
Again, the number of potential plays right now is crazy. So here are two more OTCs I’m watching closely for potential dip buys into any big intraday panic…
Alpine 4 Technologies (OTCQB: ALPP) is up 1,638% since December 1, 2020. After four green days in a row, ALPP hit a 52-week high of $7.46 on Friday.
Enzolytics, Inc. (OTCPK: ENZC) is up 555% since January 1. ENZC hit a 52-week high of $0.567 on February 4. Friday it largely held its recent gains but showed signs of topping.
Top Listed Penny Stocks to Watch
Here are my listed penny stocks to watch for the week of February 8, 2021. It includes two stocks hitting 52-week highs in premarket trading today. I won’t chase, as both are choppy. But I’ll watch for potential dip buys.
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 8, 2021? Comment below, I love to hear from all my readers!
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