Top Penny Stocks List and Weekly Update: Key Takeaways
- Let’s play the penny stock shell game! (See PUGE and MJWL below.)
- Is Twitter the new tool for blatant penny stock self-promotion? (See stock #1, CYBL.)
- There’s nothing magic about Friday’s Majic Wheels spike. But will the company follow through? Keep reading to find out…
Check Out Tim Bohen’s New Secret Weapon
- Cyberlux Corp. (OTCPK: CYBL … read my analysis here)
- Puget Technologies Inc. (OTCPK: PUGE … read my analysis here)
- Majic Wheels Corp. (OTCPK: MJWL … read my analysis here)
Top Penny Stocks List: October 11, 2021
Promo stocks featured big on my daily watchlists all last week. There are SO many promoters pumping stocks right now. They’re creating huge opportunities if you know my 7-step framework.
Remember … ride the hype, but NEVER believe it. Don’t just randomly buy whatever’s spiking.
These are the OTCs I’m watching this week…
And here are the listed stocks I’m watching…
3 Penny Stocks to Watch This Week
Remember to watch the biggest recent runners this week. More than once I’ve given up, thinking a promoted stock wouldn’t bounce. Only to see it bounce after five or six red days.
This week’s first featured stock, CYBL, is a good example…
Top Penny Stocks List #1: Cyberlux Corporation (OTCPK: CYBL)
Cyberlux is in LED lighting, drones, and renewable energy. It’s also one of the biggest recent runners with promoters.
Key points about CYBL…
- Cyberlux announced acquisition of telecom company FBD Group on October 7.
- CYBL dropped 51% over five days before bouncing 49% on the acquisition news.
- The company tweeted this ‘quick update’ on Friday afternoon, spiking the stock.
I’m watching CYBL for potential dip buys into intraday panics or spikes with big volume and news. I traded the OTC first green day last Thursday, selling into the beautiful Friday morning gap up for a $1,541 win.*
Top Penny Stocks List #2: Puget Technologies Inc. (OTCPK: PUGE)
Puget Technologies is a shell company focused on becoming a holding company. (Ah, penny stocks, you make me so happy.)
Key points about PUGE…
- Puget announced a letter of intent (LOI) to acquire Care Suites LLC on October 6. Care Suites is a medical coworking company.
- The company announced a new chief legal and compliance officer on October 7.
- PUGE is up over 680% in the past month. It hit new 52-week highs every day last week.
I’m in no rush to trade PUGE. I’ll watch for potential dip buys into morning panics. And I’ll watch for morning spikes, ideally with big volume and a news catalyst.
Top Penny Stocks List #3: Majic Wheels Corp. (OTCPK: MJWL)
Majic Wheels is a holding company attempting to make a name in fintech.
Key points about MJWL…
- Majic Wheels entered a LOI to acquire a majority interest in blockchain company Bamboo Wellness Holdings Limited.
- On Friday, the company tweeted “$MJWL Next acquisition for this quarter, a second cryptocurrency exchange, to be announced next week.”
- The stock spiked 31% after the tweet before pulling back. It spiked big during power hour to close up 32% on the day.
MJWL didn’t give a date next week to release more news about its crypto acquisition. But the upcoming catalyst created enough volume for me to take this trade on Friday afternoon. It’s a classic example of the OTC first green day pattern.
As for the upcoming catalyst, it’s a waiting game. I’ll watch for potential dip buys into any big morning panic. I’ll also watch for morning spikes, ideally with news and volume.
Now it’s time for a little…
Monday Motivation
Every once in a while I’m asked why I don’t focus entirely on trading. Some people want to know why I shut down the hedge fund and gave up on becoming a billionaire.
The answer is that I love to teach. Once I realized that, there was no turning back. But then something even more amazing happened. I developed a passion for charity.
Once you get rich, you can do what you want with your money. It really doesn’t take as much as most people think to live an amazing life. For me, charity is my other passion in life. Giving back means more than making more money.
Karmagawa Announces $137,000 Donation to ThinkingHuts
I’m SO proud to announce our latest donation to build the first 3D printed school in Madagascar. The average annual income in Madagascar is just $480. Education is the only chance that most kids will ever have of escaping poverty.
I proudly just wired $137,000 to @ThinkingHuts a great new charity building the first 3D printed school in Madagascar! I’m SO excited about this project because once we scale this new technology, the promise is that schools can be built far faster, cheaper & more sustainably too! pic.twitter.com/Szye4RBPOO
— Timothy Sykes (@timothysykes) October 7, 2021
It looks amazing, right? Those are just renderings, but that’s roughly how the school will look. It’s more expensive than our usual build. But once we get the process down, schools can be built faster, cheaper, and more environmentally friendly.
The plan is to scale this into other countries. Let’s go!
Trading Education
This is where your journey begins. If you can change your mindset from making money to learning, there’s hope.
New to penny stocks? Start with my FREE penny stock guide.
Also, get my best-selling book “An American Hedge Fund” here at no cost.
For the basics of my strategies, read “The Complete Penny Stock Course.”
And if you think you have what it takes, maybe the Trading Challenge is for you. Only apply if you’re willing to study hard. It’s not easy, but it’s where all my top students refined their skills.
**Apply for the Trading Challenge Today**
Trading Challenge students also get access to my daily watchlists. All successful traders make their own watchlists. Studying mine (and those of other successful traders) is a good start, but you need to learn…
How to Create Your Own Penny Stocks List
Answers to watchlist FAQs…
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.
It all starts with looking for big percent gainers. 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 and weekly update? Comment below, I love to hear from all my readers!
Disclaimer
*While Tim Sykes has enjoyed remarkable success trading stocks over the years, his primary income derives from the sale of financial education products and subscription services offered by various businesses and websites in which he has an ownership stake.
This presentation is for educational and informational purposes only and should not be construed as financial advice. Results are not typical. Always do your own research as trading is inherently risky. You should not mirror the trades or alerts of the instructors and attempts to do so may result in substantial financial loss. Past performance is not an indicator of future results.
**Tim has a minority ownership stake in StocksToTrade.com.
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