Cybersecurity plays were hot last week given Russia’s invasion of Ukraine. President Biden talked about potential cyberattacks in his address to the nation.
Stay on top of the overall market and news flow. Remember, roughly three out of four stocks follow the market.
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- IronNet Inc. (NYSE: IRNT … read my analysis here)
- JPX Global Inc. (OTCPK: JPEX … read my analysis here)
- CYREN Ltd. (NASDAQ: CYRN … read my analysis here)
Top Penny Stocks List: February 28, 2022
Cybersecurity stocks started spiking on February 24 during President Biden’s speech. He also warned last summer that cyberattacks could result in a ‘real shooting war’ with a major power.
It’s impossible to guess what will happen. Focus on how the market reacts and trade accordingly.
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
While cybersecurity stocks aren’t the only stocks in play, I’ll keep an eye on the entire sector. Each of this week’s featured stocks is a cybersecurity play…
Top Penny Stocks List #1: IronNet Inc. (NYSE: IRNT)
IronNet is a global cybersecurity company.
Key points about IRNT…
- On February 9, IronNet announced a government contract with a Gulf Cooperation Council country. (The country chose to remain anonymous to help protect operational security.)
- The company announced two new Singapore-based clients on February 16.
- IRNT closed up 27% on Thursday. It spiked 50% before pulling back to close up 17% on Friday.
I won’t chase or get too aggressive in this market. I’ll watch IRNT for potential dip buys. The bigger the panic, the better.
Top Penny Stocks List #2: JPX Global Inc. (OTCPK: JPEX)
VeeMost Technologies controls JPX Global. The company plans to file a name and ticker change with FINRA. VeeMost is a cybersecurity company.
Key points about JPEX…
- VeeMost Technologies announced the launch of VeeShield Cloud Security on January 26.
- JPEX tanked 63% on February 4 after a court-approved motion to discharge custodianship.
- It closed up 16% on Thursday and another 46% on Friday.
JPEX has run in the past but it’s also a huge Twitter pump. I’ll watch for potential dip buys into any big morning panic. I’ll also watch for more spiking, ideally with news and more volume.
Top Penny Stocks List #3: CYREN Ltd. (NASDAQ: CYRN)
Cyren Inc. is a cloud-based cybersecurity company.
Key points about CYRN…
- On February 8, Cyren announced a 1-for-20 reverse split.
- The company closed a private placement on February 14. Cyren plans to use the $12 million it raised for working capital and corporate purposes.
- CYRN closed up 118% on Thursday and spiked another 73% in premarket trading on Friday. It closed up 25%.
CYRN looked toppy on Friday right around Thursday’s highs. I was looking for a morning panic. I’ll keep watching for potential dip buys — especially if it keeps going. With that in mind, watch for potential morning spikes, too.
Monday Motivation
A lot of people have asked me my thoughts about what’s going on in Ukraine.
I wish we could all just live in peace, and my prayers go out to the amazing people of Ukraine.
Remember, if you really want to change the world…
It’s Your Duty to Build Wealth
There’s a lot in this world that needs changing. Especially now. The question is, what can you do?
Remember that if you TRULY want to change the world for the better it’s your duty to get extremely wealthy. And to achieve that you need to study/work harder than you ever imagined possible, but the good news is your knowledge/financial gains compound surprisingly well over time!
— Timothy Sykes (@timothysykes) February 25, 2022
Obviously, there are things you can do to make the world a better place without money. But with money, you can leverage the good you do.
For example, every school Karmagawa builds costs between $20K and $35K on average. It depends on the school’s location.
Each school serves hundreds of children. Over time, each will serve thousands of children. Every child who gets an education has the opportunity to change their future. And they have the opportunity to pay it forward. That is leverage!
My challenge to you, today, is to embrace your duty to become wealthy. Improve your quality of life and then help change the world.
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.
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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.
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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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