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. Preparation is key. Make it a habit to prepare before the market opens every day…
Retweet/favorite this if you’re FULLY prepared to trade in a few hours! Have you made your watchlist yet? Have you reviewed your @StocksToTrade scans? HOW BAD DO YOU WANT SUCCESS?!?! Preparation is the key!
— Timothy Sykes (@timothysykes) June 1, 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
You’ve probably heard the old adage, “Sell in May and go away.” Last year, June turned into an exceptional month for trading. I won’t try to predict whether it’ll be the same this year. But I will say that even though things have slowed down a little, it’s still a great market environment.
Even though Bitcoin is way off its April high, blockchain tech is still creating waves. One stock on this week’s list combines gaming, NFTs, and crypto mining. Energy is also a big mover as the shift toward green energy continues. And inflation could bring more volatility to the markets.
Read More
Read these related posts to learn more…
- The Best Crypto Penny Stocks to Watch Now. When crypto gets hot, crypto penny stocks can get hot, too. Prepare your watchlist in advance. I’ve started one for you here…
- Why Hot Markets Teach Bad Trading Lessons {VIDEO}. What risky strategy does a hot market promote? In this must-watch video I explain how unrealized gains can turn into losses fast…
- Thankful to Trade Scared in the Home of the Brave. A celebration of the men and women who have dedicated so much to protect our safety and rights. My freedom to pursue the laptop lifestyle wouldn’t be possible without the brave members of the U.S. military.
Top Penny Stocks List Weekly Update: June 1, 2021
When there are opportunities in OTCs, I prefer to trade them over listed stocks. With that in mind, I’ll start with OTCs on my watchlist and then cover listed stocks.
Top OTC Markets Penny Stocks to Watch
Below is my OTC penny stocks list for the week starting June 1, 2021. Be sure to read everything so you understand the thought process that goes into my list.
Top Penny Stocks List Weekly Update #1: Good Gaming Inc. (OTCPK: GMER)
Good Gaming is an eSports company. It recently entered the non-fungible token (NFT) and cryptocurrency space.
On May 27, the company announced it was developing an NFT collectibles game called MicroBuddies™. The game allows players to profit from a new crypto called GOO™.
CEO David B. Dorwart said, “Through careful analysis, our team has determined the fastest way for Good Gaming to stake its claim in the multi-billion dollar online gaming market will be through the strategic creation of first-of-its-kind games, with the implementation of first to market gaming that will benefit and capture the attention of Gamers. At the same time, it will increase our audience base exponentially as we cross-market two explosive industries that are currently garnishing a significant amount of attention in today’s market.
“The ability to allow players to compete in games that will benefit them monetarily through cryptocurrency is the type of ingenuity we will be bringing to the table that will set the precedent of significant things to come for Good Gaming in the foreseeable future.”
Read the full press release here.
GMER spiked early, consolidated, and spiked again on Friday. It hit a 52-week high of 0.174 before pulling back to close up 192%. I traded GMER twice last week. See details of my GMER trades here.*
GMER was a hot runner last week but it’s a choppy play. I’ll watch for potential dip buys into any big panic.
Top Penny Stocks List Weekly Update #2: New World Gold Corp. (OTCPK: NWGC)
New World Gold Corp is on the list for the second week running. On OTCMarkets, the company is Dark or Defunct. Its profile says the company is in gold ore exploration.
As explained last week, the company last reported financials in 2014. NWGC started running on May 21 as investors worked to replace management. On May 27, there was a big selloff on rumor a shareholder meeting was adjourned.
On Friday, Twitter was full of rumors a new CEO actually did get appointed. There are also rumors the company will release more information on June 4. A screenshot saying there’s a new corporate Twitter account and website is getting shared by investors. But a Twitter search for the Tweet by the believed new CEO brings up nothing. (Read: It’s speculation, hype, and promotion.)
Here’s the NWGC one-year chart…
NWGC spiked 55% on Friday, coming close to its 52-week high of 0.0188. It’s getting a ton of Twitter promotion based on the June 4 rumors. NWGC could be a buy the rumor, sell the news play. But remember it’s a low-priced junker. Ride the hype but don’t believe it.
NWGC showed it can bounce on Thursday. I’ll watch for potential dip buys into any big panic. And I’ll also watch for continued spiking with big volume and, ideally, a news catalyst.
Top Penny Stocks List Weekly Update #3: Green Globe International Inc. (OTCPK: GGII)
Green Globe International is another stock that’s been on my watchlist several times. The company manufactures and sells hemp cigarettes.
GGII was one of the biggest multi-day runners in April on new management news and merger rumors.
On May 26 and 27, the stock had a big selloff on news of a potential consolidation between controlling Hempacco and publicly traded Green Globe International. But the stock managed to bounce on Friday when the company announced licensing a patent…
“GGII – Hempacco is pleased to announce that it has secured an exclusive license from OBX to spray machine-rolled Hemp cigarettes with terpenes to ensure a consistent flavor and aromatic profile, with optionality on additional fields of use throughout the USA, Canada and Mexico.”
Hempacco CMO Jorge Olson said, “What excites me the most about this technology is how we’ll use it to give the consumer a fantastic customer experience, with consistent and delicious flavors and aromas.
“We are also excited to expand our license to increase levels of CBD, CBG, CBN, and other cannabinoids to deliver targeted effects. With our new Functional Smokes, we’ll be able to double the percentage of cannabinoids we have in our Hemp cigarettes and any smokable Hemp.”
Read the full press release here.
Here’s the GGII one-year chart…
GGII was up 42% Friday on the licensing news. I’ll watch for potential dip buys into any big morning panic. And I’ll watch for more spiking, ideally with news and big volume. See details of my GGII trades here.*
Top Listed Penny Stocks to Watch
Here are my listed penny stocks to watch for the week of June 1, 2021. It includes short squeezes and recent spikers. Watch for potential dip buys into any big panics.
Top Penny Stocks List Weekly Update #4: SemiLEDS Corporation (NASDAQ: LEDS)
SemiLEDS manufactures and sells LED chips and components.
LEDS spiked Friday after the company filed a Form SD regarding the country of origin for metals used in its manufacturing process. The company also filed this S-3 after hours on Friday.
Here’s the LEDS one-year chart…
LEDS hit a 52-week high of $18.27 on Friday. I’ll watch for potential dip buys into any big panic.
Top Penny Stocks List Weekly Update #5: Vertex Energy Inc. (NASDAQ: VTNR)
Vertex Energy Inc recycles and sells used motor oil. The company recently announced plans to purchase a refinery in Mobila, Alabama.
On May 26, the company announced it would purchase a 90,000 barrel-per-day refinery in Mobile, Alabama from Royal Dutch Shell (NYSE: RDS.A).
CEO Benjamin P. Cowart said, “The acquisition of the Mobile refinery will be the largest, most significant transaction ever completed by Vertex, one that positions us to become a leading regional supplier of both renewable and conventional products. We will acquire an exceptional refining and logistics asset of scale, one equipped with significant feedstock optionality, together with a high-value, distillate-weighted product slate.
“As part of this transaction, Vertex will assume ownership of more than 3 million barrels of crude oil and product storage, together with other valuable logistics assets. Our vision for this site is that of diversification. We will seek to lead the southeast region in marketing next generation fuels and products that are not currently produced by the refinery today. Our entry into these new markets is expected to generate significant, long-term value for our shareholders, while adding new jobs and economic stimulus to the regional market.”
Read the full press release here and the 8-K filing here.
Check out the VTNR one-year chart…
VTNR was trading under $2 per share before the news last week. It spiked 152% after hours on Wednesday. It hit a 52-week high of $8.38 on Friday, closing up 95% on the day. In premarket trading today, VTNR hit a high of $11.50 before a pullback. I last traded this stock in 2014. See the details of all my VTNR trades here.*
VTNR is squeezing shorts nicely. If/when it crashes big sometime this week, it could bounce big, too. I’m watching for potential dip buys into any big panic.
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? Comment below, I love to hear from all my readers!
Disclaimers
*Tim’s trading results are not typical and do not reflect the experience of the majority of individuals using the service. This level of successful trading is not typical and does not reflect the experience of the majority of individuals using the services and products offered on this website. From January 1, 2020, to December 31, 2020, typical users of the products and services offered by this website reported earning, on average, an estimated $49.91 in profit. This figure is taken from tracking user accounts on Profit.ly, a trading community platform. Timothy Sykes has a minority shareholder interest in the platform. The typical success rate of users was based on the following methodology:
-From January 1, 2020, to December 31, 2020, 849,078 trades were uploaded to Profit.ly. 633,891 trades were “verified” (corroborated with trade account data).
-Instructor trades are ignored.
-Average P&L / trades is obtained by calculating total P&L and dividing by the total number of trades.
-Average trades per account is obtained by counting the total number of trades and dividing by the number of accounts (mean function)
**Tim has a minority ownership stake in StocksToTrade.
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