Top Penny Stocks List Weekly Update: May 3, 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. Here’s a reminder…

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.


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News Moving the Penny Stocks on This List

This week’s watchlist includes more than one story stock. It also includes several stocks getting pumped by promoters on Twitter.

So, a word of warning…

There are a TON of bot accounts on Twitter posting so-called due diligence. Before you drink the kool-aid, at least check the dates. Some of the DD getting posted is two-years old. Which means it’s irrelevant.

Also, a company issuing an attorney letter about regaining compliance isn’t a sign it’s going to the moon. That’s not due diligence, it’s promotion.

So what’s the news moving penny stocks on this list? It’s mostly hype. Smoke and mirrors. As always, ride the hype, just don’t believe it. Always follow rule #1 and cut losses quickly!

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Read these related posts to learn more…

  • Avoiding the Wake-and-Trade Habit {VIDEO}. Why it’s SO important to prepare before the market opens every day. Plus: Tips for what to do and what to avoid in your morning routine.
  • Top Stocks to Watch Today. Check out my latest non-penny stock watchlist. That’s right, even though I trade penny stocks almost exclusively, my finger is always on the pulse of the market.
  • 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 Tip: May’s watchlist includes BPSR and PCTL from the table below.)

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Top Penny Stocks List Weekly Update: May 3, 2021

As always, I’ll start with OTCs and then move on to listed stocks. Let’s do this…

Top OTCMarkets Penny Stocks To Watch

My OTC penny stocks list for the week starting May 3, 2021 includes scorpion farms and merger rumors. Be sure to read everything so you understand the thought process that goes into my list.

Top Penny Stocks List Weekly Update #1: Quanta Rx./ Medolife Rx Inc. (OTCPK: QNTA)

Medolife Rx and Quanta Inc. completed a reverse merger in December 2020. Since then, Quanta rebranded as Quant Rx. The company manufactures plant-based products for pain relief, fitness, and stress management.

But the big move on QNTA is due to Medolife Rx news…

On April 20, Medolife RX announced positive pre-clinical study results for drug candidate Escozine®. On April 29, the company announced breaking ground on a lab to cultivate scorpions. Apparently, peptides found in scorpions are an important ingredient of Escozine®.

CEO Dr. Arthur Mikaelian said, “Having an integrated supply chain of peptides was not only a strategic decision, but it is also a complete differentiator for our company as a global healthcare player.

“There has been significant ongoing research into the potential therapeutic benefits of scorpion venom for years and this facility will position us as essentially the world’s largest cultivator and researcher of these highly specific peptides.

“With the additional scorpions as well as the integrated lab facility, we will be able to meet the demand for our products while controlling costs and furthering our research and development efforts on the scorpion peptides.”

Read the full press release here.

Here’s the QNTA one-year chart…

QNTA spiked 192% as the story stock of the day on Friday. I traded it when StocksToTrade Breaking News alerted the scorpion story. See my QNTA trades here.*

I’m watching QNTA for both morning panics and morning spikes. If the scorpion news spread enough over the weekend, it could spike and test the 52-week high. Or it might panic straight away. Either way, I’m watching for potential dip buys into any big panic.

Top Penny Stocks List Weekly Update #2: Movement Industries Corp. (OTCPK: MVNT)

Movement Industries invests in emerging growth companies in the energy and industrial sectors. It’s another example of an OTC shell company with a checkered past, name changes, and zero revenue. Currently, it has the stop sign designation on OTCMarkets.

MVNT is a big Twitter pump right now. Several big Twitter promoters are hyping old press releases as current due diligence.

Check out the MVNT one-year chart…

MVNT spiked 151% on Friday, closing at a 52-week high of 6 cents per share. I’m watching for potential dip buys into any big morning panics. Or, if it has news and volume, potential morning spikes.

Top Penny Stocks List Weekly Update #3: Majic Wheels Corp. (OTCPK: MJWL)

Majic Wheels Corp used to operate Florida franchises of College Hunks Haul Junk and College Hunks Moving. But the company website has only one page stating “Merger Coming Soon.”

On April 30, the company issued an investor update…

“Denise S. Houghtaling has resigned from her duties as the CEO and Sole Director of the Company. The Company is now under the new control and management.

“The Company recognizes its profile will need to be updated with OTC Markets. The Company plans to apply for OTCIQ ACCESS to update profile and upload the required financial and disclosure statements to achieve Pink Current Status.”

Read the full press release here.

Here’s the MJWL one-year chart…

MJWL spiked 85% based on the investor update and merger speculation. I’m watching MJWL for both morning panics and morning spikes. Ideally, with news and volume.

Top Penny Stocks List Weekly Update #4: Fernhill Corp (OTCPK: FERN)

Fernhill Corporation is yet another OTC with no cash and no revenue. The company profile says it’s focused on acquisitions in the energy sector.

Like many OTCs right now, Fernhill is attempting to get current with OTCMarkets. As such, it’s filing past quarterly and annual reports. On April 29, the company submitted its 2020 Annual Report. On April 30, the company submitted an attorney letter about regaining current status.

FERN is also getting hyped by several Twitter promoters on merger rumors. The rumor is based on a common address with dark or defunct Peer to Peer Network. (OTCPK: PTOP)

Check out the FERN one-year chart…

FERN spiked roughly 49% on higher than average volume on Friday. Like MVNT and MJWL, I’m watching FERN for potential dip buys into any big morning panics. Or, potential morning spikes with enough volume and, ideally, news.

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Top Listed Penny Stocks to Watch

Here are my listed penny stocks to watch for the week of May 3, 2021. These higher-priced spikers are worth watching for potential dip buys.

Top Penny Stocks List Weekly Update #5: Gaucho Group Holdings Inc. (NASDAQ: VINO)

Gaucho Group Holdings operates real estate projects in Argentina. Its portfolio includes resorts, hotels, vineyards, and a winery.

On April 13, Gaucho Group announced it had secured space to open a flagship store in Miami. The stock didn’t do much the rest of the month until Friday, when it spiked roughly 24% in after hours trading.

Here’s the VINO one-year chart…

VINO was up 15% in premarket trading on May 3. It’s getting a ton of Twitter chatter. It’s very choppy. I won’t chase but I’m watching for potential dip buys into any perfect intraday panics.

Top Penny Stocks List Weekly Update: BONUS Stock to Watch: Brooklyn ImmunoTherapeutics Inc. (AMEX: BTX)

Brooklyn ImmunoTherapeutics is a clinical stage biotech. The company has a cancer treatment called IRX-2 in the pipeline.

BTX started April at $3.70 and closed the month at $49.80. In premarket trading on May 3, it hit $90.99 before pulling back. While this stock is way beyond penny stock price, keep in mind that it was a penny stock a month ago.

Check out the BTX one-year chart…

BTX is very choppy and too high-priced for me to chase. But I’ll watch for potential dip buys into any big intraday panic.

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

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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! 


*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, 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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