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.
This is a truly great market environment. But beware, it’s easy to learn the wrong lessons if you don’t study and prepare…
Many newbies have banked in this bubble so they think studying isn’t needed, but if you make too much $ the wrong way, or if you take it for granted & think “trading is easy”, the market will humble you in a VERY expensive way…think I’m a dick? The market is a 100x bigger dick!
— Timothy Sykes (@timothysykes) March 14, 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
The Dow hit a new all-time high and closed strong last week. It looks set to break over 33,000 this week, but I won’t predict. (Never predict, only react.).
Bitcoin hit an all-time high of $61,686 on Saturday. Premarket it’s trading down roughly 7.5%…
Walking up to Indian proposing a ban on #Bitcoin & that hurting #Cryptos which is actually good for the over-extended sector, good for investors to realize the risks as more countries will probably do the same & always laughable when old establishments try to stop innovation!
— Timothy Sykes (@timothysykes) March 15, 2021
Most Americans will receive $1,400 stimulus checks this week. (Some began arriving over the weekend.) If it’s anything like last time, it could be a big influx of money into the markets. Hold on for the ride.
Read More
Read these related posts to learn more…
- How I Look For Morning Panics On Monday Mornings {VIDEO}. Learn how I find my favorite pattern for small accounts. This must-watch video lesson applies directly to this week’s top penny stocks list!
- Japan Trader Arrested For “Market Manipulation” Three Years After Trading. From the STT Breaking News guys. Market manipulation and promotions don’t just happen in the U.S. markets…
- 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: March 15, 2021
Last week I made $33,647* in trading profits, mostly from two oil sector stocks. That brings up an important point — especially in the current market environment. There are a lot of traders out there looking for “the next big spiker like [insert ticker symbol 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.)
What do I mean by that? Check it out…
My biggest winning stock last week was MDMP (stock #1 below). My next biggest winner was LRDC (stock #2 below). LRDC is in the same sector and had the same price action as MDMP. Chat rooms and individual traders started saying “LRDC is the next MDMP.”
I don’t believe in any of these companies, but I’m happy to ride the hype train. So be a little cynical but look for sympathy plays. Especially when traders start calling them “the next…”
Let’s start with OTCs, 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 March 15, 2021. Be sure to read everything so you understand the thought process that goes into my list.
Top Penny Stocks List Weekly Update #1: MDM Permian Inc. (OTCPK: MDMP)
MDM Permian is an oil exploration company operating in the Permian Basin of West Texas.
MDMP spiked last week when the company posted a Permian field work update to the OTCMarkets website. StocksToTrade Breaking News alerted MDMP just as it started spiking on March 10.
The update included the following…
“The Advanced Reservoir Characterization that was done by NuTech Energy Alliance is not only crucial to the planning of the completion of the existing wells, but also an important factor for determining the reservoir extent of our acreage. As stated in our original Permian Business Plan, we are building value in the ground.
“As a public company, inground reserves can be added to the books as an asset. These reserves will significantly increase the value of the company when added.”
Here’s the MDMP one-year chart:
stockdio-historical-chart stockExchange=”OTCMKTS” symbol=”MDMP” displayPrices=”Candlestick” performance=”false” allowPeriodChange=”true” height=”600px” culture=”English-US”]
MDMP spiked 4,369% and hit a 52-week high of $0.943 before pulling back roughly 50%. It still managed to end Friday up nearly 18%.
As noted, MDMP was my biggest winner last week. See details of my MDMP trades here.* Energy plays don’t tend to last long, so I won’t be very aggressive. I’m watching for dip buys into any giant morning panics.
Top Penny Stocks List Weekly Update #2: Laredo Oil Inc. (OTCPK: LRDC)
Laredo Oil is a management services company. It focuses on enhanced oil recovery methods in depleted and mature oil fields.
LRDC was getting touted as “the next MDMP” in chat rooms and on Twitter. It had very similar level 2 price action to MDMP.
Here’s the LRDC one-year chart:
LRDC spiked 838% in two days last week, hitting a 52-week high of $0.58895. It finished up roughly 117% on Friday, even after pulling back more than 50%.
Like MDMP, I’m watching LRDC for potential dip buys into any big morning panics. See details of my LRDC trades here.*
Top Penny Stocks List Weekly Update #3: Diversified Oil & Gas Holdings Ltd (OTCPK: DVFI)
Diversified Oil & Gas Holdings claims to be “engaged in exploiting and distributing domestic oil and gas reserves.” But the company hasn’t updated filings in years and is “Dark or Defunct” on OTCMarkets.
DVFI is another speculative oil play running in sympathy with MDMP and LRDC. The level 2 price action is very similar, but it’s lagging by a day.
Check out the DVFI one-year chart…
DVFI spiked 639% on Friday, hitting a 52-week high of $0.017 before pulling back to close at $0.0056.
Again, energy plays don’t usually last very long so I won’t be aggressive. I’m watching for dip buys into any big morning panics.
Top Penny Stocks List Weekly Update #4: CurrencyWorks Inc. (OTCQB: CWRK)
CurrencyWorks is a crypto/blockchain company focused on building digital currency and security platforms for other companies. It’s also involved in the latest blockchain craze — non-fungible tokens, or NFTs. Think of NFTs as unique tokens representing digital collectibles.
CWRK moves in sympathy to Bitcoin. It’s also identified as a promotion on the OTCmarkets website. On March 12, the company issued an update on its NFT platform…
CurrencyWorks Chairman Cameron Chell said, “We believe Digital Collectibles are a new and powerful asset for any brand to engage customers plus fans and increase and drive transactions within a brand’s community. Our product update addresses the exponential growth of the space and the current growing pains in the industry, especially regarding payment processing, KYC AML, and the battling bots flooding demand. We believe our platform and experience offers needed solutions for this rapidly growing industry and look forward to announcing partnerships in both NFT creation, trading, and payment support.”
Read the full press release here.
Check out the CWRK one-year chart.
CWRK hit a 52-week high of $3.01 on Friday. It’s very choppy, so I’ll be extra safe. I’m looking for potential dip buys into any big morning panics.
Top Listed Penny Stocks to Watch
Here are my listed penny stocks to watch for the week of March 15, 2021. These are the highest price spikers I’m watching. All are choppy, so I won’t chase. I’m watching for potential dip buys into morning panics.
Top Penny Stocks List Weekly Update #5: Acer Therapeutics Inc. (NASDAQ: ACER)
Acer Therapeutics is a pharmaceutical company focused on novel therapies for rare diseases.
The most recent press release was a corporate update and 2020 full year financial results…
CEO Chris Schelling said, “In spite of the challenges presented by a global pandemic in 2020, we continued to advance our existing programs while expanding our pipeline. As a result, we anticipate a number of key milestones next quarter.”
Read the full press release here.
The company also filed this prospectus with the SEC on March 12 relating to this S-1 filing. An S-1 is a stock offering registration.
ACER spiked after hours on Friday. Over the weekend it was one of “5 Biotech Penny Stocks On Robinhood to Watch in 2021” on an admitted promoter’s website. It’s also getting pumped in multiple chat rooms and a huge amount of Twitter chatter.
In other words, regardless of fundamentals, ACER is a big promotion/pump.
ACER spiked in premarket trading today to a 52-week high of $7.38 per share. As I write, the stock is trading up 90% from its Friday close.
I’ll watch ACER for potential dip buys into morning panics only.
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!
The post Top Penny Stocks List Weekly Update: March 15, 2021 appeared first on Timothy Sykes.