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. And to do that, you need to study and prepare.
12:58am study check, retweet/favorite this if you’re up studying or making your watchlist or better yet, if you’ve already studied or made your watchlist. Prepare, prepare, prepare, I cannot say it enough & sadly most people don’t take the time to do it (aka why most people lose)
— Timothy Sykes (@timothysykes) May 10, 2021
Many new traders feel overwhelmed at first. Don’t let that push you into taking trades that don’t fit your strategy. For me, building a watchlist 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 Jones Industrial Average and S&P 500 both hit fresh highs on Friday. The jobs report last week wasn’t great. Some financial pundits believe enhanced unemployment benefits are keeping workers at home. The Fed also signaled a commitment to continued easy borrowing.
The overall market is still in a bubble, but trading in the penny stock niche has slowed down a little. There are opportunities, but you have to be more patient. This is good because it gives you more time to study and prepare.
Read More
Read these related posts to learn more…
- Jack Kellogg’s 10 Key Trading Lessons {VIDEO}. The top 10 lessons I learned interviewing Jack K. His daily grind was so strong that failure wasn’t an option.
- Cannabis Stocks Update: Should You Trade This Sector? {VIDEO}. In this video, top students Kyle W. and Matt M. explain what they look for in cannabis sector news.* Remember this adage: a rising tide lifts all boats…
- 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: May 10, 2021
As always, we’ll start with OTCs. After that, we’ll move on to listed stocks…
Top OTCMarkets Penny Stocks To Watch
Below is my OTC penny stocks list for the week starting May 10, 2021. Be sure to read everything so you understand the thought process that goes into my list.
Many OTCs are making moves as they announce attempts to regain ‘pink current’ status. Keep in mind there are a ton of promoters, message boards, and chat rooms pumping these stocks. Getting current means submitting paperwork they should have been filing all along. So ride the hype but don’t believe it
Never trust promoters and don’t trade based on another trader’s alerts. Do your own due diligence before taking a trade. And … ALWAYS follow rule #1 and cut losses quickly.
Contrary to what promoters tell you, you NEVER have to risk losing or being down 25-50-75%, learn to take singles NOT home runs and for gods sake cut losses quickly. Or ignore the lessons/rules I learned the hard way over 20+ years in trading and get crushed, your choice
— Timothy Sykes (@timothysykes) May 9, 2021
Finally, remember this is a watchlist. Just because a stock makes it here doesn’t mean I’ll trade it. My goal in sharing watchlists is for you to learn how to make your own.
Top Penny Stocks List Weekly Update #1: Green Globe International Inc. (OTCPK: GGII)
Green Globe International Inc. is a holding company in the cannabis sector.
On April 27, the company announced control passed to The Hempacco Co. After the transfer, by a sale of preferred shares, a new board of directors was appointed. The company announced its intention to gain current status with OTCMarkets. It also teased a potential merger.
“Once GGII is current with its OTC Markets filing obligations, it plans to pursue a potential merger or combination of operations with Hempacco. No definitive agreements have been signed between GGII and Hempacco, and there is no guarantee that such agreements will be entered into or that a combination will occur.”
Read the full press release here.
Here’s the GGII one-year chart…
GGII has spiked 3,340% in the past month. On Friday, it spiked another 83% and hit a 52-week high of 4.59 cents per share.
Promoters are pumping it big time. We all know how this ends, but I’d love to see the promoters keep it going for a while. The higher the better. I’m watching for potential dip buys or morning spikes with news and big volume. See details of my GGII trades here.*
Top Penny Stocks List Weekly Update #2: Regen Biopharama Inc. (OTCPK: RGBP)
Regen Biopharma is a biotech focused on using stem cells for regenerative applications.
RGBP had a big three-day run in April on news of a licensing deal with Oncology Pharma (OTCPK: ONPH).
On Friday, the company filed an 8-K that excited promoters…
“Regen Biopharma, Inc. (the “Company”) has begun the process of reviving patent applications of the Company filed with the United States Patent and Trademark Office (“USPTO”) which have been classified as abandoned by the USPTO.
“Legal services in connection with the abovementioned revival activities are being provided by Marc Baumgartner of Baumgartner Patent Law. Mr. Baumgartner has over 20 years of experience in the field of intellectual property law.”
The RGBP one-year chart shows how far the stock has dropped from its highs. Keep in mind that it’s still up over 500% from early April…
RGBP had a nice 28% run on Friday but is 75% off its April highs. I’m watching for potential dip buys into any big morning panics. Or morning spikes with news and volume. See details of my RGBP trades here.*
Top Penny Stocks List Weekly Update #3: Bitfarms Ltd. (OTCPK: BFARF)
Canada-based Bitfarms Ltd. owns and operates blockchain server farms.
On May 7, the company announced it won approval for uplisting to the Nasdaq. It didn’t give a specific date the new ticker, BITF, would begin trading on the Nasdaq.
CEO Emiliano Grodzki said, “The approval for listing on The Nasdaq Global Market® is an incredible achievement for Bitfarms and is the fruition of multiple years of work and dedication. Over the last four years we have managed to build and operate one of the largest Bitcoin mining operations worldwide. It is fitting that we will be listing on one of the most prestigious exchanges in the world and significantly expand the market reach of our Company. We are very proud to have reached this important milestone for the Company and our shareholders. I would like to thank the team at Bitfarms, and all our advisers and professionals whose tireless efforts made this possible.”
Read the full press release here.
BFARF spiked 25% on Friday, breaking out over multi-week highs. It’s one of the higher-priced plays I’m watching right now. At the time of writing, it looks set to gap up on Monday morning. I’m watching for potential dip buys into any big panic.
Top Listed Penny Stocks to Watch
Here are my listed penny stocks to watch for the week of May 10, 2021. These higher-priced stocks are choppy. So I’m mostly watching for potential dip buys into big intraday panics.
Top Penny Stocks List Weekly Update #4: Regional Health Properties Inc. (AMEX: RHE)
Regional Health Properties is a healthcare real estate company. It invests in facilities for senior living and long-term healthcare.
RHE is one of several healthcare stocks making big gains. Some of these moves don’t have any clear catalyst, which often means they’re getting promoted.
On April 30, the company submitted an 8-K saying it doesn’t know why the stock price is on the rise…
“While the Company does not normally comment on market activity, the Company confirms it is not aware of any undisclosed material change in the business, operations or affairs of the Company that would account for the recent increase in the share price and the trading volume of the Company’s common stock.”
RHE hit a 52-week high of $27.72 on May 5 before dropping 34% over two days. Even after the drop, RHE is up 373% since April 21. I’m watching for potential dip buys into any big panics.
Top Penny Stocks List Weekly Update #5: Taseko Mines Ltd. (AMEX: TGB)
Taseko Mines is a Canada-based mining company operating in British Columbia and Arizona.
TGB is an earnings winner, having announced Q1 financials on May 5…
“The Company reported Earnings from mining operations before depletion and amortization of $30.3 million and Adjusted EBITDA* of $23.7 million, which represent increases of 412% and 344%, respectively, over the first quarter of 2020. For the first quarter 2021, the Company had an adjusted net loss of $5.5 million, or ($0.02) per share.”
Read the full press release here.
TGB hit a 52-week high of $2.39 on Friday. It looks set to gap up to the mid $2.40s going into the week. I’m watching for potential dip buys into any big intraday panics.
That’s it for this week’s top penny stocks list. Want to know how to create your own watchlist?
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!
Disclaimer
*These kinds of trading results are not typical and do not reflect the experience of the majority of individuals using our products. 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. It takes years of dedication, hard work, and discipline to learn how to trade. Individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
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