The markets are reacting with uncertainty to a potential war in Ukraine. The Dow, S&P 500, and Nasdaq are all downtrending. The Nasdaq is the worst performer because there are so many high fliers dropping hard.
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- Industrial Nanotech Inc. (OTCPK: INTK … read my analysis here)
- The Metal Arts Company, Inc. (OTCPK: MTRT … read my analysis here)
- HOOKIPA Pharma Inc. Stock #3 (EXCHANGE: TICKER … read my analysis here)
Top Penny Stocks List: February 22, 2022
This is a week to protect your account. If you must trade, don’t be aggressive. Wait for top setups to come to you. Remember, sometimes the best trade is no trade.
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
Last week, the most actively traded plays were also the choppiest. I’m not the best with choppy stocks. Remember to sell into strength and don’t get too aggressive in this market.
Top Penny Stocks List #1: Industrial Nanotech Inc. (OTCPK: INTK)
Industrial Nanotech develops industrial grade insulation and ‘self-reporting’ industrial coatings using nanotechnology.
Key points about INTK…
- On January 6, the company announced a stock dividend to current shareholders.
- Last week the company announced expansion into railroad tank car insulation.
- On Thursday, INTK had a multi-week breakout. It hit a 52-week high of $0.0475 on Friday.
INTK is a slow mover but impressive. On Thursday it had a strong first green day. It pulled back after hitting new highs on Friday but also proved it can bounce.
I’ll watch INTK for potential dip buys into any big morning panics. The bigger the panic, the better.
Top Penny Stocks List #2: The Metal Arts Company, Inc. (OTCPK: MTRT)
The Metal Arts Company is a South Korea-based blockchain tech company.
Key points about MTRT…
- MTRT is up 373% since February 1.
- The Metal Arts company filed a quarterly report on February 14.
- On February 17, MTRT bounced an impressive 63% after a morning panic.
MTRT looks like a pump — a low-volume multi-day runner with a ton of Twitter promoters. I’m watching for potential dip buys into any big morning panic. But I need to see more volume to buy.
Top Penny Stocks List #3: HOOKIPA Pharma Inc. (NASDAQ: HOOK)
HOOKIPA Pharma is a clinical stage biopharma focused on T-cell-related cancer and HIV treatments.
Key points about HOOK…
- On February 15, HOOKIPA Pharma announced an amended collaboration with Gilead Sciences (NASDAQ: GILD).
- The financial terms include a $15 million payment to HOOKIPA. Gilead also committed to a $35 million equity investment.
- HOOK is up 102% since the announcement.
I traded HOOK on Friday, buying the dip off the morning highs. My thesis was right but I didn’t have the patience to hold it so I took a -$150 loss. I’m not great with choppy stocks.
I’ll watch for potential dip buys into any morning panics. Again, it’s tough to chase choppy stocks so I won’t get too aggressive.
Trading Mentor
There’s a whole Wall Street mindset where you buy and hold blue chip companies no matter what. That might work for someone who starts investing in their early 20s. But it can take years to move the needle on your account.
It also doesn’t make sense when there are opportunities to lock in profits…
This Week’s Top Tested Trading Tip: Sell Into Strength
Many top companies are down big in the past 12-months…
- Meta Platforms Inc. (NASDAQ: FB) is trading 46% off its 52-week high.
- Zoom Video Communications Inc. (NASDAQ: ZM) is down 71%.
- Peloton Interactive Inc. (NASDAQ: PTON) is down a massive 79% in the past year.
I’m not trading these plays. This is just to point out that you don’t have to trade like hedge fund managers or big traders.
A lot of big traders rode the pandemic well. There’s a long history of traders doing well for a short period of time.
Anyone who wants to keep doing well has to adapt. That means learning to focus on the process. It also means you have to lock in profits along the way. How? Sell into strength. Remember, cash is a position.
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.
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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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