Top Penny Stocks List Weekly Update: June 7, 2021

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.

Last week we saw crazy volatility. My top students were prepared for the opportunities. Just remember to keep things in perspective. They’ve all been studying obsessively for years.

Right now is an amazing time to be a trader. But you MUST study at first — more than you imagine. Start by learning to make a watchlist. How do you choose stocks to watch? It begins with looking for big percent gainers. Keep reading for more about how to create your own penny stock watchlist.

First…

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News Moving the Penny Stocks on This List

Last week meme stocks went wild again led by AMC Entertainment (NYSE: AMC). It’s exciting to watch. And for prepared traders, meme stocks provided solid opportunities. But remember, it usually doesn’t end well. So if you decide to trade meme stocks, don’t hold and hope. Sell into strength. Take singles.

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Read these related posts to learn more…

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Top Penny Stocks List Weekly Update: June 7, 2021

The main multiday spikers I’m watching this week are all OTCs, so I’ll start there. Then I’ll share listed stocks I’m watching, too.

Top OTC Markets Penny Stocks to Watch

Below is my OTC penny stocks list for the week starting June 7, 2021. Be sure to read everything so you understand the thought process that goes into my list.

Top Penny Stocks List Weekly Update #1: Massroots Inc. (OTCPK: MSRT)

Massroots, Inc. is a media company in the cannabis sector. MSRT made my monthly watchlist after the company issued an update about the planned acquisition of Empire Services, Inc.

According to CEO Isaac Dietrich, “We believe the Empire acquisition will put MassRoots on a stable financial footing, with positive cashflows from operations, and will likely enable MassRoots to meet all the listing requirements of both the Nasdaq Capital Market and the NYSE American Market.”

Read the full press release here.

Check out the MSRT one-year chart…

MSRT is my top watch since it’s a beautiful multiday runner. It hit a 52-week high of 0.0788 on Friday and closed the week up 125%.

I’m watching for potential dip buys into any big intraday panics. See details of my MSRT 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: UnderSea Recovery Group (OTCPK: UNDR)

Undersea Recovery Corp is in the business of deep water search and recovery.

UNDR spiked 254% on Thursday on rumors of a court win. The rumors turned out to be true as the company won a breach of contract lawsuit

“DEFAULT JUDGMENT: Plaintiff Undersea Recovery Corporation, shall recover from the defendant Madero Holdings, S.A. de C.V, damages for breach of contract in the amount of $10,000,000.00, pre-judgement interest in the amount of $5,824,388.97, and attorneys fees and expenses in the amount of $128,391.26. (jkb)”

Here’s the UNDR one-year chart…

UNDR gapped up to 0.015 on Friday morning and then panicked before bouncing 54%. I traded the morning panic dip buy for a $2,023 win.*

I’d love to see the company issue a press release about the court judgement. If it does, we could see more spiking. I’m watching for potential dip buys into any big panics.

Top Penny Stocks List Weekly Update #3: Ionix Technology Inc. (OTCQB: IINX)

Ionix Technology Inc. designs and sells lithium batteries.

On May 26, the company announced it had successfully developed a fast-charging aluminum ion battery. The stock spiked 145% in two days.

On June 1, the company announced it will hold a press conference launching the world’s first 12-minute fast-charging electric vehicles on June 10.

CEO Li Cheng said, “At present, the battery system is the core component of electric models, no matter in the two-wheel or four-wheel EV market. Whoever can act as the leader of this industry in the future will have the most powerful voice. IINX and Hiboss will work together to fully integrate superior resources, innovate models, and constantly broaden cooperation fields and ideas to achieve rapid development.”

Read the full press release here.

Here’s the IINX one-year chart…

IINX hit a multiweek/multimonth high of 0.377 on June 2 before pulling back. But it’s still up 138% on the fast-charging battery news. It could keep running up to the June 10 launch.

I’ll watch for potential dip buys into any big panics. See details of my IINX trades here.*

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Top Penny Stocks List Weekly Update #4: Avvaa World Healthcare Products Inc. (OTCPK: AVVH)

Avvaa World Healthcare is, or was, in the natural skincare business. Like many OTC Pink companies, it recently went through the process of getting current with OTCMarkets.

AVVH has had a slow and steady uptrend for much of the past six months. On May 28, the company filed this 8-K. The filing gives details about custodianship, a new board of directors, and new executives.

Here’s the AVVH one-year chart…

AVVH spiked 105% in two days last week before pulling back to close the week up 55%. It looks set to gap up into Monday’s open.

I’m watching for potential dip buys into any big intraday panics. The custodianship news on AVVH isn’t new, but that kind of news has been spiking stocks lately. So I’ll also watch for more spiking, ideally with big volume and a solid news catalyst.

Top Penny Stocks List Weekly Update #5: Skye Bioscience Inc Com (OTCQB: SKYE)

Skye Bioscience Inc. is a biopharma focused on CBD-based therapeutics for glaucoma.

On May 17, the company announced positive results from a pre-clinical study…

CEO Punit Dhillon said, “This new study provides positive new observations regarding THCVHS’ potential to provide advantageous therapeutic benefits for patients, both as a single agent and combined with other drugs, and we plan to fully investigate these possibilities. These data suggest there is strong potential for THCVHS to be a once-a-day treatment, a desirable outcome for glaucoma treatments. With our recently announced progression on manufacturing and imminent toxicology studies, we continue our progress toward our first-in-human trial for THCVHS that is intended to start later this year.”

Read the full press release here.

VP of Corporate Development Karam Takhar will present at the Emerging Growth Conference on June 9, 2021.

Check out the SKYE one-year chart…

SKYE spiked 142% in three trading days from May 28. It pulled back but the Emerging Growth Conference news is getting a lot of Twitter hype. I’m watching for potential dip buys into any big panics. See details of my SKYE trades here.*

What I’m watching for.

Top Listed Penny Stocks to Watch

Here are my listed penny stocks to watch for the week of June 7, 2021. I’m watching these higher-priced spikers 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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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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