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. Remember, the most important thing you can do is to study and learn…
Every single day you should be focused on learning something new about yourself and your passion and while it’s incredibly overwhelming in the beginning, it DOES get easier over time and by year 5, 7, 10, 15 EVERYTHING falls into place. But will you have the patience/dedication?
— Timothy Sykes (@timothysykes) May 17, 2021
Many new traders feel overwhelmed at first. With all the promotion and pumping on social media, it can be difficult to know what to watch. 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
One thing you’ll notice on this week’s list of penny stocks to watch is that there are a lot of OTCs spiking with no news. It doesn’t take much research to find most of these companies have no revenue, no products, and aren’t current.
So why are they spiking? Promoters are hyping them up and posting crazy — and mostly meaningless — due diligence.
So enjoy the spikes. By all means, ride the hype and speculation. But don’t fall in love with these companies. No matter what the promoters say, these aren’t long-term investments…
Read More
Read these related posts to learn more…
- Are Penny Stocks Worth It? Tips to Find the Top Penny Stocks. If you’re dedicated to learning to be a successful trader, this article is for you.
- Can Previous Hot Sectors Run Again? {VIDEO}. Watch as Trading Challenge mentors Kyle and Matt give their thoughts on hot sector plays.
- 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 17, 2021
As always, I’ll start with OTCs. Notice the number of true penny and sub-penny stocks spiking recently. After OTCs, 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 17, 2021. Be sure to read everything so you understand the thought process that goes into my list.
Top Penny Stocks List Weekly Update #1: ViaDerma Inc. (OTCPK: VDRM)
ViaDerma is a pharmaceutical company. Its primary product is a topical antibiotic called Vitastem.
VDRM is an upcoming news play. On May 13 the company announced it was finalizing an initial order from a large hospital network.
“The healthcare network completed successful testing of the product late last year and has approved the product for purchase. Once the initial purchase order is complete, Vitastem is expected to be incorporated into hundreds of hospitals, nursing homes and hospices with the network.”
The announcement also teased a licensing agreement and financials due by May 17.
Read the full press release here.
Check out the VDRM one-year chart…
VDRM spiked 40% on May 13 before pulling back to close up 15%. With two failed first green days since February, I wasn’t expecting much. But on Friday it closed up 48% for a solid second green day. I liked the way it closed above resistance at 3 cents.
I’m watching VDRM for potential buys in anticipation of news. It could be a buy the rumor sell the news play.
Top Penny Stocks List Weekly Update #2: Thai Airways International PCL (OTCPK: TAWNF)
Thai Airways International PLC is Thailand’s national airline. TAWNF is the U.S. ticker for the company which also trades on the Stock Exchange of Thailand (SET: THAI).
Thai Airways is on the verge of bankruptcy after years of poor financial performance exacerbated by the pandemic.
News of possible debt restructuring got Twitter promoters interested in TAWNF. The stock started gaining momentum in anticipation of a May 12 meeting. That meeting got delayed until May 19. So, like VDRM, TAWNF is an upcoming news play.
Here’s the TAWNF one-year chart…
TAWNF’s daily volume hit an all-time high on Friday as it closed up 52%. But it’s down 96% from its 52-week high of $5.95. I’ll watch for potential buys, but again, this is likely a buy the rumor sell the news play.
Top Penny Stocks List Weekly Update #3: Eline Entertainment Group, Inc. (OTCPK: EEGI)
Eline Entertainment Group is a sports entertainment production company. Like so many OTCs, it’s dark or defunct on OTCMarkets. It hasn’t submitted financials since 2018.
EEGI is another potential upcoming news and Twitter pump play. Promoters are posting about a potential reverse merger, updated filings, and a new CEO.
So far, the company hasn’t issued a press release to confirm any of the promoters’ claims.
Here’s the EEGI one-year chart…
stockdio-historical-chart stockExchange=”OTCMKTS” symbol=”EEGI” displayPrices=”Candlestick” performance=”false” allowPeriodChange=”true” height=”600px” culture=”English-US”]
EEGI spiked 168% on Friday and hit a 52-week high of 0.0055 per share. It’s up over 700% since the beginning of May.
It’s tough to chase a sub-penny stock already up so much without any real news. If the promoters can keep it going, or if there’s real news, it could be a potential dip buy into any big panic.
Top Penny Stocks List Weekly Update #4: QED Connect Inc (OTCPK: QEDN)
QED Connect is a US-based holding company for a brand/company called Inca Worldwide. It looks like the company is doing another name change, this time to Ambrosia of the Forest. Like the other OTCs on this week’s top penny stocks list, QEDN is Dark or Defunct on OTCMarkets.
The company harvests, processes, and sells products made from Sacha Inchi seeds.
QEDN gained momentum in January after getting mentioned in a Seeking Alpha article about cannabis stocks. Promoters are posting so-called due diligence about a potential deal with Nestle. Again, the company hasn’t issued a press release and isn’t current with filings.
Here’s the QEDN one-year chart…
QEDN hit a 52-week high of .0028 per share on February 11. Since then, it has traded in a range roughly between .001 and .0022 with random movements above or below. On Friday, it gapped up and largely held its gains to close up 61%.
QEDN is another sub-penny spiker up on hype and speculation. It’s not an ideal setup for me, but given Friday’s big gains and the promotion activity, I’ll watch. Ideally there would be news, volume, and a multiday run for it to be a potential dip buy.
Top Penny Stocks List Weekly Update #5: MoSys Inc. (NASDAQ: MOSY)
MoSys Inc is in the semiconductor industry. It’s primarily an integrated circuit manufacturer.
On May 13, MoSys released first-quarter financial results.
CEO Dan Lewis said, “During the quarter, we won multiple new designs for our IC products by leveraging our proven track record with customers and expanded sales channels. We are encouraged by our expanding pipeline and continue to strategically invest in future growth opportunities. Further, our product development efforts remain focused on our Virtual Accelerator Engine (VAE) IP solutions, which provide expanded market opportunities for our technology.”
Read the full press release here.
On May 17, the company announced it’s adding support for the P4 programming language to its virtual accelerators…
Chief Technology Officer Michael Mille commented, “MoSys has long been a supporter of P4, and now we are adding P4 support to our Stellar Packet Classification Platform family of virtual accelerators, designed as IP that can be loaded into FPGAs. With this new milestone of enabling P4 support embedded in an FPGA, complex five tuple Access Control List (ACL) rule databases can be extended and accelerated using a combination of internal FPGA SRAM and HBM memories, thus enabling large databases of rules.”
Read the full press release here.
Here’s the MOSY one-year chart…
MOSY spiked 81% in the first half-hour of trading on Friday before pulling back. It traded mostly sideways the rest of the day, closing up 50% on all-time high volume. In premarket trading on May 17, the stock is holding its Friday gains.
I’ll keep watching MoSys to see how the market reacts to the latest press release. It could be a potential dip buy if it continues to run with big volume.
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:
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)
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