Top Penny Stocks List and Weekly Update: Key Takeaways
- When the market’s slower, follow the money. See INDO
- Regaining ‘Pink Current’ status is still a strong OTC catalyst. See BLLB
- After the Facebook faceplant last week, watch alt-social sympathy plays. See AIAD
Join me this coming Wednesday, February 9 and I’ll show you…
How I’ve made $3,921, $4,625 and even $6,237 overnight.*
*Disclaimer: Starting stakes: Profit of $3,921- $9,240/ Profit of $4,625- $43,414/Profit of $6,237- $64,638
- Bell Buckle Holdings Inc. (OTCPK: BLLB … read my analysis here)
- Aiadvertising Inc. (OTCPK: AIAD … read my analysis here)
- Indonesia Energy Corporation Limited (AMEX: INDO … read my analysis here)
Top Penny Stocks List: February 7, 2022
In this market, it’s crucial to protect, protect, protect. Meta Platforms’ (NASDAQ: FB) earnings bomb on Wednesday took momentum out of the market. My plan this week is to be extra safe given how many big sell-offs we’ve seen lately.
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
OTCs tried to make a comeback last week. There are several worth watching, including the first two featured stocks…
Top Penny Stocks List #1: Bell Buckle Holdings Inc. (OTCPK: BLLB)
Bell Buckle Holdings Inc. invests in outstanding consumer loans and debt instruments.
Key points about BLLB…
- On January 24, Bell Buckle Holdings used Twitter to announce, “Caveat removed!”
- On January 25, the company confirmed a return to ‘Pink Current’ status and gave a corporate update.
- BLLB is up 1,088% since the company tweet and 166% since the press release.
BLLB is a multi-day runner. It also had a nice morning panic and bounce on Friday. I’ll watch for potential dip buys into any big morning panic. The higher it goes first, the better.
Top Penny Stocks List #2: AiAdvertising Inc. (OTCPK: AIAD)
AiAdvertising is a tech company focused on artificial intelligence-based advertising.
Key points about AIAD…
- AiAdvertising has links to Trump’s SPAC, Digital World Acquisition Corp. (NASDAQ: DWAC). Trump’s former campaign manager is involved with the company.
- AIAD is up 233% since the beginning of the year.
- It had a multi-week, multi-month breakout on Friday.
I’ve had mixed results trading AIAD in the past. I’ll watch for potential dip buys into any big morning panic. I’ll also watch for more spiking, ideally with a news catalyst and big volume.
Top Penny Stocks List #3: Indonesia Energy Corporation (AMEX: INDO)
Indonesia Energy Corporation is an oil and gas exploration company.
Key points about INDO…
- On January 26, the company announced plans to start drilling two new wells within 30 days.
- Energy companies are hot right now with oil prices on the rise due to uncertainty around supply.
- INDO spiked 52% on Friday before pulling back and consolidating. It closed 30% up on the day.
Even though I don’t like trading energy companies, I’m OK with speculative trades when they’re hot. I traded INDO twice on Friday for a $1,080 win and a -$405 loss.
I’m watching INND for potential dip buys, ideally after big spikes with news and volume.
Trading Mentor
My goal as a teacher is to be the mentor that I never had. When I started trading in high school, information wasn’t as accessible. Scanners like StocksToTrade weren’t available for the average retail trader.
Instead, I skipped classes to do research using the computers in the school library. Sometimes I had dozens of websites and message boards open on multiple computers. Read about my early trading experiences in my best-selling book “An American Hedge Fund.”
We’ve come a long way since then, but the foundations of trading haven’t changed. New traders ask the same questions now as when I first started teaching. Here’s one from my last Trading Challenge webinar…
Trading Mentor Q&A
Strikeforce Technologies (OTCQB: SFOR) spiked last week on news of a licensing deal to protect crypto wallets. SFOR is a former runner and crypto security is a solid catalyst. I traded it three times on February 2.
Profit.ly user TestermanTrades asked…
“Could you point out the perfect entry points on the $SFOR intraday chart?”
Here’s the February 2 SFOR chart with ideal entries…
It’s not an exact science. Near the market open, there was a StocksToTrade Breaking News Chat alert. The news was positive with the company getting 50% of the transaction fees. That’s a good profit margin for a product that’s heavily in demand. You could’ve bought anywhere near the open and made solid gains.
The ideal afternoon entry was the breakout over the morning high with huge volume. I wouldn’t focus on a single candle. It’s more about the overall price action and high volume bunched together.
Understand that I did not have ideal entries on my SFOR trades that day. I wish I had seen it at the open. And I wish I’d been around and watching for the afternoon breakout. But my $1,961 in profit shows how singles add up.
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.
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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