Penny stocks can move quickly and be very volatile. To be successful, you need to make a list of the stocks that you can watch and potentially trade each day.
This is a really great market environment. But be careful, it’s easy to learn the wrong lessons if you don’t study and prepare …
Many newbies have put themselves in this bubble thinking that learning is not required, but if you make too much $ wrong, or if you take it for granted and think “trading is easy”, the market will get you VERY humble expensive way … do you think i’m a dick? The market is a tail 100x bigger!
– Timothy Sykes (@timothysykes) March 14, 2021
Many new dealers initially feel overwhelmed. How do you choose stocks to add to your watchlist? It all starts with finding big percentage winners. Read on to learn more about how to make your own penny stock watchlist.
News moving the penny stocks on this list
The Dow hit a new all-time high and closed strongly last week. It looks like it’s going to break over 33,000 this week, but I won’t predict it. (Never predict, just react.)
Bitcoin hit an all-time high of $ 61,686 on Saturday. Premarket trades around 7.5% …
Reach out to Indians and propose a ban #Bitcoin & that hurts #Cryptos This is actually good for the vastly sprawling sector, good for investors to see the risks as more countries are likely to do the same and it’s always ridiculous when old companies try to stop innovation!
– Timothy Sykes (@timothysykes) March 15, 2021
Most Americans will receive $ 1,400 worth of stimulus checks this week. (Some arrived over the weekend.) If it’s something like last time it could be a big inflow of money into the markets. Wait for the ride.
Read these related posts to learn more …
Weekly update of the Top Penny Stocks List: March 15, 2021
Last week I made $ 33,647 * trading profits, mostly from two stocks in the oil sector. That sums up an important point – especially in the current market environment. There are plenty of dealers out there looking for “the next big spiker like” [insert ticker symbol here] … ”
(* Please note: My results are far from typical. Individual results vary. Most traders lose money. I have benefited from 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? Listen…
My biggest earnings stock last week was MDMP (stock # 1 below). My next biggest winner was LRDC (Camp # 2 below). LRDC is in the same sector and had the same price movement as MDMP. Chat rooms and individual dealers began to say “LRDC is the next MDMP.”
I don’t believe in any of these companies, but I’m happy to be on the hype train. So be a little cynical but look for sympathy games. Especially when traders start calling them “the next …”.
Let’s start with OTCs and then move on to listed stocks.
Top OTCMarkets to see penny stocks
Below is my OTC penny stocks list for the week beginning March 15, 2021. Make sure to read everything so you understand the thought process that will be included on 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 saw a surge last week when the company posted an update on Permian fieldwork on the OTCMarkets website. StocksToTrade Breaking News alerted MDMP as it started to peak on March 10th.
The update included the following …
“The extended reservoir characterization carried out by the NuTech Energy Alliance is not only crucial for planning the completion of the existing boreholes, but also an important factor for determining the reservoir extent of our cultivation area. As stated in our original Permian Business Plan, we are building value in the soil.
“As a stock corporation, inground reserves can be included in the books as assets. These reserves add significantly to the company’s value when added. “
Read the full update here.
Here is the MDMP one year chart:
stockdio-history-chart stockExchange = “OTCMKTS” symbol = “MDMP” displayPrices = “Candlestick” performance = “false” allowPeriodChange = “true” height = “600px” culture = “English-US”]
MDMP gained 4,369% to hit a 52-week high of $ 0.943 before pulling back around 50%. It still managed to finish Friday by nearly 18%.
As mentioned earlier, MDMP was my biggest winner last week. You can find details about my MDMP trades here. * Energy games don’t last long so I won’t be very aggressive. I keep an eye out for shopping in huge morning panics.
Top Penny Stocks List Weekly Update # 2: Laredo Oil Inc. (OTCPK: LRDC)
Laredo Oil is a management services company. It focuses on improved oil extraction methods in depleted and mature oil fields.
LRDC has been touted as “the next MDMP” in chat rooms and on Twitter. It had a very similar level 2 price move as MDMP.
Here is the LRDC annual chart:
LRDC rose 838% on two days last week to hit a 52-week high of $ 0.58895. It rose around 117% on Friday even after pulling back more than 50%.
Like MDMP, I watch LRDC for possible purchases in big morning panics. You can find details about 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 “involved in the exploitation and distribution of domestic oil and gas reserves”. But the company hasn’t updated the submissions in years and is “Dark or Defunct” on OTCMarkets.
DVFI is another speculative oil game that sympathizes with MDMP and LRDC. Level 2 price movement is very similar, but it is one day behind.
Take a look at the DVFI annual ticket …
The DVFI gained 639% on Friday, hitting a 52-week high of $ 0.017 before pulling back and closing at $ 0.0056.
Again, energy games don’t usually last long so I’m not aggressive. I keep an eye out for shopping in 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 businesses. It’s also involved in the latest blockchain craze – not fungible tokens or NFTs. Think of NFTs as unique tokens that represent digital collectibles.
CWRK sympathizes with Bitcoin. It is also identified as an advertisement on the OTCmarkets website. On March 12th, the company released an update on its NFT platform …
Cameron Chell, Chairman of CurrencyWorks, said, “We believe that digital collectibles are a new and powerful asset for any brand to attract customers and fans, and to drive and drive transactions within a brand’s community. Our product update addresses the exponential growth of space and the growing pains in the industry right now, particularly with regards to payment processing, KYC AML and the deluge of bots that are inundating demand. We believe our platform and experience provide the solutions needed for this rapidly growing industry and we look forward to announcing partnerships in both the creation, trading and payment support of NFT. “
Read the full press release here.
Look at the CWRK Annual Chart.
CWRK hit a 52-week high of $ 3.01 on Friday. It’s very choppy so I’m extra sure. I’m looking for potential purchases in big morning panics.
Top Listed Penny Stocks To See
Here are my listed penny stocks that I should see for the week of March 15, 2021. These are the highest priced spikers that I watch. All chopped off so I’m not going to hunt. I’m looking for possible morning purchases in panic.
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 company update and full year 2020 financial results …
CEO Chris Schelling said, “Despite the challenges posed by a global pandemic in 2020, we continued to advance our existing programs while expanding our pipeline. As a result, we expect a number of important milestones in the next quarter. “
Read the full press release here.
The company filed this prospectus with the SEC on March 12 in connection with this S-1 filing. An S-1 is a stock offering registration.
ACER came to a head on Friday after hours. Over the weekend, it was one of “5 Biotech Penny Stocks On Robinhood To See in 2021” on an approved promoter’s website. It is also pumped into multiple chat rooms and a huge amount of Twitter chatters.
In other words, regardless of the basics, ACER is a great promotion / pump.
ACER rose to a 52-week high of $ 7.38 per share in premarket trading today. As of this writing, the stock has traded 90% since it closed on Friday.
I will only watch ACER after possible break-ins in morning panic.
How to Create Your Own Penny Stock List
How can you make your own watchlist?
First, look for big percentage winners. For two decades, large percentage increases have been my most important criterion. After that, I look at the trading volume and a catalyst or reason for the price movement. For more information on the whole process, see the “Stock Watchlist Guide: Tips and Examples for Developing Your Own”.
Should I keep a watchlist every day?
All reputable dealers create a watch list on a daily basis. If you are serious about trading penny stocks, it is important to create a daily watchlist.
Does Tim Sykes offer a FREE watchlist?
Yes. Subscribe to my weekly penny stock watchlists below.
Use the weekly update of the Top Penny Stocks List
If you’re reading the weekly penny stock list (and monthly watchlist), don’t consider them hot picks. Honestly, sometimes they’re duds. That is why it is called a watch list. Welcome to Penny Stocks.
👉🏼 SUBSCRIBE to my FREE Weekly Stock Watchlist here.
Instead, try to find out why I 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 of this weekly update of the Penny Stocks List for February 22nd, 2021? Comment below, I love hearing from all of my readers!