Top Penny Stocks List Weekly Update: January 11, 2021

Penny stocks can move fast and be highly volatile. The key to success is preparation, and that includes making a daily watchlist.

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.

Get my no-cost weekly penny stock watchlist emailed to you every Sunday.


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News Moving the Penny Stocks on This List

This market action reminds me of 2000 before the bubble burst…

Even with all the crazy news the past week, the three major indexes finished the week at all-time highs.

Crypto continued it’s hot streak last week, too. Bitcoin hit another all-time high before a huge Sunday selloff. As you’ll see from stock #1 on this week’s penny stocks list, I’m watching the crypto sector closely.

Read More

In penny stock trading, knowledge is power. Read these related posts to learn more…

  • Top Biotech Penny Stocks to Watch. Last week’s biotech penny stocks list was published on Wednesday. On Thursday, the first stock on the list bounced 25%. On Friday it spiked another 49%. Were you ready?
  • SoFi to Go Public in $8.7 Billion SPAC Deal. SPACs were hot in 2020 and show no sign of cooling off in 2021. SPAC mastermind Chamath Palihapitaya is at it again.
  • Top Penny Stocks To Watch. My monthly watchlist includes tips on how to create your own. Learn my thought process and become self-sufficient.

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Top Penny Stocks List Weekly Update: January 11, 2021

Watch crypto plays closely this week. After hitting an all-time high of $41,941 on January 8, Bitcoin dropped more than 21% over the weekend. That could make for some very nice morning panic dip buys.

Let’s start with…

Top OTC Markets Penny Stocks to Watch

Below is my OTC penny stocks list for the week starting January 11, 2021. Read everything so you understand my thought process.

Also, pay attention to the reason stock #2 made this list. For once I’d love to short a stock…

Top Penny Stocks List Weekly Update #1: BTCS Inc. (OTCQB: BTCS)

BTCS Inc. is one of many crypto/blockchain plays to ride the current mania. The company was one of the first U.S. publicly traded companies focused on crypto.

On January 4, the company filed this 8-K announcing a $1.1 million investment by management. On January 7, the company issued a press release…

CEO Charles Allen said, “Michal [Handerhan, COO] and I now have a serious financial investment in BTCS, providing a strong indication of our belief in the long-term potential of the Company.

“Our investment, which is effectively locked up for two years with resale severely limited thereafter, demonstrates that we are in this for the long haul and aligns our interests with those of our shareholders.”

Read the full press release here.

The company also issued this press release early today touting its year-over-year gains. Probably in hopes of stabilizing the stock price given crypto volatility.

Here’s the BTCS one-year chart:

BTCS started the year trading at 21 cents a share. It hit a 52-week high of $1.58 on Friday before  closing at $1.34. I won’t try to predict what will happen given the big crypto moves over the weekend. But I’d  love to dip buy this on a big morning panic.

Top Penny Stocks List Weekly Update #2: Signal Advance, Inc. (OTCPK: SIGL)


Ah, yes… another case of mistaken identity. Signal Advance, Inc. is a development and consulting firm focused on signal detection. This is where it gets interesting…

The company is NOT an encrypted messaging service competing directly with WhatsApp…

But thanks to this tweet by Elon Musk on January 7, the stock spiked. Newbies mistakenly thought SIGL was the ticker for the messaging app. Oops.

The crazy thing is, it’s still being pumped on Twitter this morning. Even though mainstream financial sites highlighted the confusion.

Here’s the SIGL one-year chart:

SIGL spiked 526% on January 7. Then it ran another 69% to a 52-week high of $10 per share before pulling back to close at $7.19 on January 8.

I don’t recommend short selling for newbies or anyone with a small account. And I rarely consider short selling these days because it’s a dangerous strategy. But SIGL is a potential short because of the mistaken identity. Keep in mind, it could also get squeezed for that same reason. Be very careful.

It’s not the first time something like this has happened…

In March, a company called Zoom Technologies (formerly OTCPK: ZOOM) ran from $3 to $60 in less than three weeks. Why? Newbies thought it was Zoom Video Communications Inc. (NASDAQ: ZM).

Eventually, the company was forced to change ticker to ZTNO. Then it was given the skull-and-crossbones Caveat Emptor designation by OTCMarkets. It’s now very thinly traded around 21 cents a share.

SIGL is a perfect example of two things in penny stocks…

First, most traders are unprepared and don’t study enough. Second, penny stocks have informational inefficiencies. Take advantage of them but NEVER believe the hype.

Top Penny Stocks List Weekly Update #3: MGT Capital Investments Inc. (OTCPK: MGTI)

MGT Capital Investments is a Bitcoin mining company. It’s also a low-priced stock with a breakout similar to BTCS except a day behind.

There hasn’t been any news from MGT Capital since this 8-K filing announcing an investment in the company. It’s really just a Bitcoin/crypto sympathy play.

Here’s the MGTI one-year chart:

On Friday, MGTI spiked from 0.0585 to a 52-week high of 0.153 before closing up 139% at 0.14. I traded it going into the close for a solid win to end a very frustrating week for me.

I’d love to dip buy into any big morning panic but if it gaps down too much based on Bitcoin action, I’ll just watch.

Top Listed Penny Stocks to Watch

Here are my listed penny stocks to watch for the week of January 11, 2021. It includes low-priced spikers, choppy new spikers, and crypto plays.

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Top Penny Stocks List Weekly Update #4: LM Funding America Inc. (NASDAQ: LMFA)

LM Funding America is a financial services company. In the past it has been primarily involved with funding nonprofit community associations.

On Friday the company announced filing of a SPAC Registration Statement…

“LMF Acquisition intends to search for a target in the financial services industry, including potentially the financial technology (FinTech) sector, and related sectors.

“The proposed public offering is expected to have a base offering size of $75 million, or up to $86.25 million if the underwriters’ over-allotment option is exercised in full.”

Read the full press release here.

LMFA ran from 0.71 to $2.31 during regular hours trading on January 8. In after-hours trading it continued all the way to $3.95 per share. It spiked again in premarket trading on January 11 before pulling back.

LMFA is a very choppy stock. I’m watching for potential dip buys into any big panic, ideally near the market open.

How to Create Your Own Penny Stock List

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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 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 1-11-2021? Comment below, I love to hear from all my readers! 

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