Top Penny Stocks List and Weekly Update: Key Takeaways
- Metaverse is the penny stock pivot buzzword of the month. See AABB and SMURF.
- Pay attention to volume and dollar volume during holiday trading. See USEI and SMURF.
- Rule #1 applies now more than ever. See this week’s Top Tested Trading Tip.
Traders who listened to this man had the chance to make 8X…
Click Here to Learn How To Roll Back the Clock On Tesla
- Asia Broadband Inc. (OTCPK: AABB … read my analysis here)
- Tokens.com (OTCQB: SMURF … read my analysis here)
- Ilus International (OTCPK: ILUS … read my analysis here)
- U.S. Energy Initiatives Corporation Inc. (OTCPK: USEI … read my analysis here)
Top Penny Stocks List: December 27, 2021
The major indexes gapped down to start last week. But low-volume holiday trading turned into a mini Santa Claus rally. Let’s see what the final trading week of the year brings…
These are the OTCs I’m watching this week…
And here are the listed stocks I’m watching…
4 Penny Stocks to Watch This Week
Metaverse is the blockchain/crypto buzzword of the moment. It seems like every sketchy OTC wants in. Welcome to another edition of the classic penny stock pivot…
Top Penny Stocks List #1: Asia Broadband Inc. (OTCPK: AABB)
Asia Broadband Inc. is an industrial metals company with its fingers in the crypto pie.
Key points about AABB…
- On December 8, Asia Broadband confirmed December 28 as the release date for its crypto wallet.
- AABB had a solid OTC first green day on December 20 and closed the week up 59%.
- AABB is trading near multi-month resistance.
I’ll watch AABB for potential dip buys into any big morning panic. I’ll also watch for continued spiking. I’m cautious as last week’s run might have already priced in the crypto wallet release news. It ended last week as a classic upcoming news play. Depending on how the market reacts, It could be a ‘buy the rumor, sell the news’ play.
Top Penny Stocks List #2: Tokens.com (OTCQB: SMURF)
Tokens.com is a proof-of-stake blockchain tech company. Investors get exposure to crypto, NFTs, and the metaverse without directly buying tokens.
Key points about SMURF…
- On December 22, the company announced additional investment in Metaverse Group. It also purchased 230 Ethereum (ETH) tokens to bring its holdings to 3,000 tokens.
- SMURF closed up 24% on Thursday.
- SMURF is trending up on decreasing trading volume.
I’m just watching SMURF for now as it’s very illiquid. I’d love to see it run for multiple days with big volume and, ideally, more news. That would make it a potential dip buy opportunity. Again, metaverse plays are hot, so I’m watching.
Top Penny Stocks List #3: Ilus International (OTCPK: ILUS)
ILUS International is an M&A company focused on public safety tech, EVs, and specialist vehicle conversion.
Key points about ILUS…
- On December 16, the company announced an update on its EV manufacturing acquisition.
- The company plans to complete two acquisitions by the end of the year.
- ILUS had a strong first green day on Friday after trending down for the past two weeks.
I nailed the bottom on ILUS last week, but was shocked at how fast and how much it bounced. I’m watching for potential dip buys into any big intraday panic. I’ll also watch more spiking, ideally with news and big volume.
Top Penny Stocks List #4: U.S. Energy Initiatives Corporation Inc. (OTCPK: USEI)
U.S. Energy Initiatives Corporation Inc. is another junk penny stock pivot company. Its profile says it’s in the marijuana, green energy, and crypto sectors. As you might expect, the company just entered the metaverse.
Key points about USEI…
- On Thursday, the company announced plans to sell $10 million of digital assets. It also said it was “investigating opportunities for the Company in the Metaverse.”
- USEI spiked 90% on the news before pulling back to close up 66% on the day.
- Trading volume was roughly 10x the average but dollar volume was still very low as it’s a sub-penny play.
Sub-penny plays aren’t my favorite, but I’ll watch USEI since metaverse stocks are hot. It’s also a former supernova with a ton of promoters. Let’s see what they can do.
Trading Mentor
Last week we saw a few holiday short squeezes. The one that caused max pain for short sellers was Society Pass Incorporated (NASDAQ: SOPA). Which leads to…
This Week’s Top Tested Trading Tip: Cut Losses Quickly
In late November I announced my new broker and small account challenge. I also said I’m considering short selling again when market conditions are right.
As much as I think we’re due for a crash — or at least a big correction — this isn’t the time to be an overaggressive short seller.
Several big short sellers had a bad week because of SOPA…
Straightttttt from my https://t.co/fljCJMRjtQ watchlist last night, what a nice holiday squeezer this is turning out to be! More $SOPA squeeze, good to create max pain for short sellers around the holidays s they can reevaluate their lives over egg nog https://t.co/bBbzgH9GnY
— Timothy Sykes (@timothysykes) December 23, 2021
I’ve given up trying to convince short sellers to come to their senses. But I’ll always try to teach conservative trading.
You don’t have to hold through big squeezes. One short seller refused to cover until the stock squeezed 30%. Then he tweeted that it was all just part of the plan.
If you’re new to trading or trading a small account … stay away from short selling. And for all you degenerate short sellers, it’s OK to be wrong. Just stay safe and follow rule #1: cut losses quickly.
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!
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