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. But be careful right now as there are a TON of Twitter pumps, including more than one on this week’s list…
I wish there was a study on how a penny stock performs when there are thousands of tweets per hour & everyone thinks its “going to the moon”, we saw this recently on $TSNP $HCMC $AITX $ALYI $OZSC $ENZC before their big cracks, now it looks like its $LTNC turn, same game as always
— Timothy Sykes (@timothysykes) March 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
Social media and chat room pumps are crazy right now. It hasn’t gone unnoticed by regulators. Last week the SEC halted 15 OTCs in one day.
Any OTC not current with filings is getting targeted. But one of the reasons cited is “certain social media accounts may be engaged in a coordinated attempt to artificially influence their share prices.” Trade safe and NEVER believe the hype.
Learn More
Read/watch these related posts to learn more…
- A Lesson On OTC Morning Panics {VIDEO}. The OTC morning panic is my favorite pattern for small accounts. But don’t try to catch a falling knife. Learn about the risks and what to look for in this 30-minute video lesson.
- Unemployment, Spending, and Income Improve… Markets Fall. Straight from the StocksToTrade Breaking News guys. Despite the improving economic data, the markets fell in a week of choppy trading.
- Top Penny Stocks To Watch My monthly watch list is a great place to learn my thought process so you can make your own. (Update coming Tuesday, March 2.)
Top Penny Stocks List Weekly Update: March 1, 2021
Once again, most of my list this week is OTCs. But be careful as you trade this week. It could get wild with the recent SEC halts and the overall market still overextended.
Top OTCMarkets Penny Stocks To Watch
Below is my OTC penny stocks list for the week starting March 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: Labor Smart Inc. (OTCPK: LTNC)
Labor Smart’s core business is temporary labor for small and medium businesses. The company’s Twitter-happy former CEO resigned over the weekend. The resignation was part of an announced merger with beverage startup TakeOver Industries. The announcement came via this tweet.
LTNC started running the first week of February on increased social media activity. The former CEO announced via tweet an application to get current with OTCMarkets.
A February 17 press release announced the company would accept Bitcoin and Ethereum as payment…
Former CEO of Labor Smart Ryan Schadel said, “By giving our clients the option to pay in Bitcoin or Ethereum, not only are we giving them more flexibility with how they manage their own cash flow, but we will save on processing fees.”
Read the full press release here.
Check out the LTNC one-year chart:
LTNC hit a 52-week high of $0.037 on Friday and closed strong. I traded it as an OTC first green day play. Given the recent SEC trading halts for OTCs getting pumped on social media, I didn’t hold over the weekend.
LTNC also got a lot of promoter love over the weekend, but I’m skeptical…
See my new video https://t.co/W5M0mZNRVp as to why I wouldn’t hold ANY OTC play overnight now, I’ll wait for https://t.co/4lKUY5B6aw setups to dip buy, far less risky. Re: new $LTNC CEO, looks Joe was prez of $ETST promo in 2015 https://t.co/tcY3i3ahPO it tanked hard, so bad news
— Timothy Sykes (@timothysykes) March 1, 2021
I’m watching LTNC for dip buys into any big morning panics. See details of my LTNC 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: Humble Inc. (OTCPK: TSNPD)
TSNPD should look familiar. This is the former Tesoro Enterprises after merging with Humble Inc. to launch a digital payment platform. The D at the end of the ticker tells you the stock did a reverse split within the past 20 days.
(NOTE: TSNPD isn’t updating via OTCMarkets data. Hence, the reason for the TSNP chart below. Also note: TSNPD is trading at the 1:4 price — 4x higher than the chart shows.)
The one-for-four (1:4) reverse split was announced on February 25.
COO Jeffrey Hinshaw said, “The company’s Board of Directors concluded that it was important to quell the volatility in the share price. Prospective investors and current shareholders were concerned that it was difficult to pinpoint the true value of the common shares. Furthermore, this will force any outstanding short positions to cover their position.”
Read the full press release here.
The ticker will change again on March 26 — this time to HUMBL.
Here’s the TSNP 1-year chart :
With or without the reverse split, TSNPD is up a huge amount in the past three months. It had a big panic on Friday afternoon but bounced well before fading. I’m still watching for dip buys into any big panics. See details of my TSNP trades here.*
Top Penny Stocks List Weekly Update #3: Asia Broadband Inc. (OTCPK: AABB)
Asia Broadband claims to be in the metals and mining sector. But it looks like the company has entered the crypto space…
AABB spiked on February 16 when the company announced a gold backed cryptocurrency.
The stock is well off recent highs, but continues to get promoted heavily on social media. On Friday, the company requested investors communicate with its investor relations agency.
“[…] the Company has been informed by its professional service providers (i.e. auditor, legal firm, token developer) that they have been receiving many calls and emails asking for information about AABB. […] We would ask that all inquiries regarding the Company be directed to the new investor relations firm contact details that will be announced and available in the next several days.”
Read the full press release here.
Here’s the AABB five-day chart:
AABB hit a 52-week high of $0.659 on February 22. It closed Friday at $0.239. I’m watching for dip buys into any big panic. See details of my AABB trades here.
Top Penny Stocks List Weekly Update #4: Image Protect Inc. (OTCPK: IMTL)
Image Protect is a US based software company focused on digital image protection.
IMTL is getting hyped on social media about bringing its filings up-to-date. As of now, the company is considered dark or defunct by OTCMarkets. It closed the week strong after a Twitter promoter claimed he was buying and adding to his position.
IMTL hit a 52-week high of $0.013 on February 11 before pulling back for several days. It closed up 64% on Friday after the recent promotional tweets. How do I know it’s getting pumped? StocksToTrade* Breaking News chat. I use it to keep up with press releases, chat room pumps, and social media promoters.
(*Quick disclaimer: I helped design and develop StocksToTrade and am an investor in it.)
I’m watching for potential dip buys into any big panics. But I hate trading sub-penny stocks so I’d love to see this run for several days first.
Top Penny Stocks List Weekly Update #5: Guitammer Co. (OTCPK: GTMM)
Guitammer Co develops and manufactures low-frequency audio transducers. The idea is you get subwoofer sound while watching sports at home on your TV.
On February 26, the company announced a merger with CJG Acquisitions, Corp.
“On February 25, 2021, the Merger Agreement and the transactions contemplated thereby were approved by the board of directors of the Company and the Parent that holds 55.92% of the outstanding capital stock of the Company. On February 26, 2021, Certificates of Merger were filed with the Secretary of State of the States of Nevada and Ohio, the “Effective Time” of the Merger.”
Read the full press release here.
GTMM spiked over 1,600% on Friday before pulling back to close up 235%.
I’m watching for any big panic to dip buy. Again, I don’t like trading sub-pennies so I’d prefer to see it run for several days first.
Top Listed Penny Stocks to Watch
Here are my listed penny stocks to watch for the week of March 1, 2021. All are higher priced spikers worth watching for potential dip buys. But they’re all choppy so be careful of wild intraday swings.
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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