I noticed this. What seems like a wedging in pattern on WTRH.I have been tracking WTRH for a while, and today I noticed this massive wedging in pattern has formed. It supposedly is having earnings coming up. I already own 400 shares. time to buy more maybe? Tell me your opinions!!!
Pennystocks
$TRVN is gonna to fall todayPupm&Dump trading strategy idea.
$BLRX is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,82;
stop-loss — $3,07;
take-profit — $2,57;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$BLRX is gonna to fall todayPupm&Dump trading strategy idea.
$BLRX is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,04;
stop-loss — $2,60;
take-profit — $1,48;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$APOP is gonna to fall todayPupm&Dump trading strategy idea.
$APOP is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,18;
stop-loss — $2,48;
take-profit — $1,88;
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$ITP is gonna to fall today SHORTPupm&Dump trading strategy idea.
$ITP is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $1,06;
stop-loss — $1,32 .
information about take-profit will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Should You Invest In Penny Stocks?I’m sure you’ve heard the term “Penny Stocks” before, but the question is, should you be trading penny stocks?
In this article, I’ll show you the pros and cons of trading penny stocks. This way, you can decide whether penny stock trading is for you, whether you can make money with penny stocks, and also, is it worth your time?
So let’s get started.
The Pros Of Trading Penny Stocks
Now, it’s very easy to find the pros of trading penny stocks because there are a lot of ‘Penny Stock Gurus’ constantly shining a spotlight on the few benefits they have.
1. You Can Start With As little as $1,000
One of the things that make penny stocks so popular is the fact is that you can start with very little capital. I would say at a minimum you could start with as little as $1,000.
Penny stocks by default are stocks that are worth less than $1. So most penny stocks are trading between $0.10 and $1.
So $1,000 would buy you 1,000 shares of stock, or if it is trading at $0.10 it is buying you 10,000 shares!
That’s quite a lot, right?
So $1,000 would buy you 1,000 shares of stock, or if it is trading at $0.10 it is buying you 10,000 shares!
That’s quite a lot, right?
2. “Penny stocks can only go up”
Another pro is where they say, “It can only go up.”
And why is this? Well, think about it. If you can buy a penny stock for $0.10 or $0.20, what can happen?
I mean, it could possibly go to zero, but as you can see, the risk is limited because you’re buying this stock very cheap.
And this is where many people who promote penny stock trading say, “Well, you know what? It’s a good thing because, with so little room to the downside, it should only go up!”
3. “You can easily make 100x your investment”
I mean, it could possibly go to zero, but as you can see, the risk is limited because you’re buying this stock very cheap.
And this is where many people who promote penny stock trading say, “Well, you know what? It’s a good thing because, with so little room to the downside, it should only go up!”
Now, also talking about it can only go up, you can “easily”, based on what they say, make 100 times your investment.
Because think about it, if you’re buying it for $0.10 and it goes to $10 this would be 100 times your capital.
So if you start with $1,000 and you really catch one of the penny stocks that move from $0.10 to $10, you could make $100,000 out of $1,000.
I mean, this is what many people who promote penny stocks are leading you to believe. And it is true, right? If you catch one of these.
So that’s the other thing.
4. Small moves lead to big gains
Just in general, small moves in the penny stocks lead to big gains, and here’s why.
As I mentioned above, all penny stock is trading at or below $1. So even moving just a few cents can be big percentage gains.
For example, say the stock only moves from $0.10 to $0.50, you would 5x your money. And this is the kind of thing you hear a lot of the penny stock guys hyping up. The fact that these stocks are so cheap you can see massive percentage moves very quickly.
So as you can see, there is something that you could look at as pros to trading penny stocks. Or at least these are the common ones that the “gurus” are focusing on.
The cons of trading penny stocks
Now, let’s talk about the cons.
What are the cons of trading penny stocks? Well, often when you’re trading penny stocks, it’s a pump and dump scheme.
Now, you might have heard about this, but I want to explain to you what that means, what a pump and dump scheme is.
And in order to do this, I want to actually show you some very specific examples. Let’s take a look at RobinTrack.
So RobinTrack is a website that actually tracks how many Robinhood users have a certain stock in their portfolio.
And one of the popular penny stocks that Robinhood users like to trade is BIOC, Biocept. Right now around 70,000 Robinhood users own BIOC (at the time this blog was written).
This stock was trading around $0.32. And so if it is trading around $0.32, again, it’s easy for the stock to double because all it needs to do is jump from $0.30 to $0.60 and it will be fine.
This stock suddenly jumped up from $0.28 all the way up there to $0.80, so more than doubles. But here’s what happens, and this is why it is called a pump and dump scheme.
What does pump and dump scheme mean?
So obviously, some people said, “OK, you got to buy this.” I do believe that Biocept actually tweeted something around the coronavirus. Doesn’t really matter. This is when some people are jumping on it. But when do most people put this into their portfolio? After this initial jump is over.
So why is this called a pump and dump scheme? Well, for a very simple reason. It is being pumped up.
These penny stocks are not traded at a regular exchange. These penny stocks are traded OTC, over the counter, so they are a little bit riskier. There are also fewer regulations for these penny stocks.
I don’t want to say that Biocept did it, I’m just using this as an example, but very often a company is actually paying people to send e-mails to thousands, and ten thousands, and hundreds of thousands of people and saying, “Hey, we have a stock that is really interesting.”
So what do you think? Do insiders buy the stock before they send the e-mail or after they sent the e-mail? Before the e-mail, of course, right? And this is why it’s called a pump. They’re pumping it up and then as soon as many users are buying it, then they’re dumping it, and this is where often users who are buying penny stocks are being caught buying it at the high.
Now, if you look at their earnings in their annual income statement you would see for the past four years, they have failed to make a profit.
So why would you buy a stock that has been losing and losing and losing and losing? I know, now you might say, “Hey, Tesla did the same thing and it is worth a lot right now.” Hey, every now and then it works. But most of the time when you see this here, you can look at the last four quarters.
The losses are accelerating. They are making a loss between six and nine million dollars every quarter, so it’s probably not worth a whole lot. So this is where you see the pump and dump scheme here at its best.
TNXP is another penny stock that’s very popular also amongst Robinhood users. Insiders bought the stock at around $0.50, maybe $0.60. Then it is being hyped up often by spreading fake news or sending out hundreds of thousands or millions of e-mail.
It quickly jumped up from $0.58, all the way to $2.40. This is when the smart people who bought it before they sent the e-mails dump it when they quadrupled or quintupled their money. Then, it came quickly down.
Often when you see spikes they are very typical for a pump and dump scheme. Some people are buying it before, then they’re spreading fake news or they pay people to send out hundreds of thousands of emails.
If you looked TNXP's financials, you would see very similar results here. They lost 40 million dollars in 2016, minus 21 million in 2017, and minus 26 million in 2018, and if you look at the quarterly, you see it’s not getting better.
They’re also burning through 6 to 9 million dollars every single quarter. So be aware when you are trading penny stocks that often you could fall for a pump and dump scheme.
Summary
So first of all, when trading penny stocks most of the time, keep this in mind, you are gambling.
And this is where most people just say, “Yeah, you know what? I put $500 into this or $1,000 and if it works out, then I’m 5x, 10x, 100x my money here.”
So the approach that most people who are trading penny stocks are using is the so-called spray and pray approach.
This means they’re buying a lot of them and all that needs to happen is that one of them is actually taking off here.
Now, take a look at the financials, because you will see that most penny stocks are junk.
You see, if they have been producing losses over the past four years I doubt that this would be the year where it suddenly turns around.
Anyhow, every now and then, absolutely, you can catch a winner, but I think the odds are against you.
Now, you know me, I’m a big fan of that especially if you want to trade a small account, so if you don’t have a lot of money, consider trading options.
Trade options on regular stocks, because options also often only cost $0.50, $0.75, $1 so you can trade options and trade regular stocks.
Has this been helpful so that you know a little bit more of what is behind penny stocks, or should you be trading penny stocks?
AML [LONG TERM INVESTMENT] High Risk InvestmentAML shares are at an all time low. Keeps bouncing of the same resistance and has formed a pattern, looking for a break into 55.00 and this would be a valid long term investment in my opinion
Higher lows to target $2.10HTBX is generating highler lows since February.
Previous spikes fall over the fibonacci extension. The next spike will most likely be around the next ER on Nov 16th.
If volume gets big enough $2.10 is the next resistance.
GNUS Testing Technical LevelNo news Friday but another day of higher volume. What's happening with GNUS right now?
"The move comes on the heels of a few key updates. Toward the end of September, Genius inked a deal with Samsung for its Kartoon Channel! to be carried across Samsung’s Smart TVs. The company has also been licensing new content to feature in its digital lineup. While there haven’t been many new updates recently, the late-week momentum is something to note. Will that continue into Monday’s opening session?"
I feel the same way^^
Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
MGEN Done Going Down Or Just A Pit Stop?MGEN has been getting hammered lately. Not one single green close in the last few weeks. Friday was the first, somewhat green close and that ain't saying much. But trading action was interesting.
"riday’s action was something much different than what the penny stock had seen during the 2 weeks prior. It was the first trading day that MGEN shares didn’t close red. If you look at the chart, since October 9th, the penny stock saw a red close every day...Furthermore, trading action continued to push shares higher during after-hours on Friday."
Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
MARK Another Move Higher Or Lower?MARK made a tweet with a video on Friday all in a foreign language. Tagged Intel. No PR (yet) so is it real or is it another hype play like it's done before?
"This would obviously be big news for any company of Remark’s size. However, it’s important to remember that a deal might also correspond with a filing and/or press release. So far, since the tweet came out on at 2:53 PM on Friday, nothing new has come from the company with regard to either a PR or filing. Is this a move based on hype alone or will Remark confirm more details of this tweet?"
Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
INUV Sub 50 Cent Penny Stock To Watch?INUV continued trading after hours on Friday. Interesting volume in the last 4 sessions.
"Inuvo filed the annual meeting of shareholders proxy giving a record date of October 26th for eligible voters. Among the topics to vote on, Inuvo would like to increase its authorized share count to 150 million from 100 million. Many times, companies will do this with a goal of having additional shares to issue for fundraising efforts...In light of this, INUV stock surged late in the afternoon on Friday. Shares jumped from mi-day lows of $0.3712 to a close of $0.4091."
Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
Make or Break Week For AXGT?AXGT is back at another area of support/resistance. Friday will be another day to keep in mind in light of the company's event. There will be additional data and program updates at its Parkinson’s disease R&D Day on Friday. Remember what was also said originally with this particular trial
“These data, showing over 20 points of improvement on the UPDRS Part III ‘OFF’ motor function score, as well as meaningful improvements in quality of life measures, underscores the potentially best-in-class profile of AXO-Lenti-PD gene therapy in Parkinson’s disease. The totality of data seen thus far reinforces my belief that AXO-Lenti-PD has the potential to transform the treatment of patients with Parkinson’s disease through one-time administration of gene therapy.” - Gavin Corcoran, M.D., Chief R&D Officer at Axovant.
Original Quote Source: 5 Biotech Penny Stocks To Watch With Recent & Upcoming Events
High Traffic Pivots on CASI ChartCASI saw a nice bump in after-hours trading Friday. Shares hit $1.88. Can the Oppenheimer analyst rating be enough of a catalyst to carry through this momentum into the week ahead is the biggest question. Great volume on Friday but is it all for nothing?
"What had sparked some excitement came in light of new analyst activity. Oppenheimer analyst Leland Gershell initiated coverage on CASI. The analyst gave it an Outperform rating and announced a price target of $5. That represents a 182% premium to Friday’s closing price for CASI stock."
Original Quote Source: 5 Biotech Penny Stocks To Watch With Recent & Upcoming Events
BLU Still A Lot Of Ground To Cover But Institutions Are WatchingBLU afterhours runner on Friday. Just cashed up a cool $40 mil. But the institutional positions could be a thing to monitor closely. Such a blown out penny stock now getting some attractive institutions posting 13's
" After the closing bell on Friday, BLU stock jumped from a close of $2.45 to after-market highs of $2.79. Something else to note is that a 13G was also filed Friday showing Steven A. Cohen’s Point72 Asset Management, L.P. holding a position in BLU stock, in addition to OrbiMed Advisors. With institutional interest growing in BELLUS, will it be one to watch, moving forward?"
Original Quote Source: 5 Biotech Penny Stocks To Watch With Recent & Upcoming Events
SELB Lots Of Technical Levels To Look AtSELB filled that gap down from its data miss a few weeks back and now testing a pretty consistent level of previous support/resistance.
"Selecta and IGAN Biosciences entered into a research license and option agreement to study Selecta’s ImmTOR™ immune tolerance platform in combination with IGAN’s immunoglobulin A protease for the treatment of IgA Nephropathy. We then saw the company and AskBio receive FDA Rare Pediatric Disease Designation for their gene therapy for methylmalonic Acidemia; several key milestones in a very short time span...Director Timothy Springer remains bullish on the company. He picked up another 3.6 million shares from October 21-23 at prices ranging from $2.4994 to $2.7147. Springer has been buying up shares for weeks. This latest round brings his position size to over 11 million shares in the company so far."
Original Quote Source: 5 Biotech Penny Stocks To Watch With Recent & Upcoming Events
FLT - Reversal, Head & Shoulders, Breakout!!
2 criterias for breakouts with FLT-C :
- Break a minor downtrend
- Be above 50MA
With these criterias, it worked 4 out of 4 times. Each time it grew at least +25%.
We're at 0.66
The 50MA is at 0.69.
We just broke the minor downtrend.
We're sitting on the uptrend.
We just formed a head & shoulders short-term.
There is a larger head & shoulders under construction which will be confirmed if we reach 0.88$ for a longer play.
Also, on the weekly chart, there isa hidden bullish divergence with Stoch/Price.
Beware of the downtrend line from 2 years back!
Stoploss should be at 0.58
Happy trading!
New Century Resources Ltd price target $0.38Stock Analysis Based on Fundamentals and Price Action.
With Risk Management You will never loss.
thank you
Gevo - Are alternative fuel stocks still hot?Gevo's ( GEVO ) been trending for a while now thanks to a spark from SPIand other alternative energy stocks. It's also gotten a decent amount of new coverage and mentions on Dow Jones. But it's still a penny stock so we can't forget volatility is key. It will be interesting to see if GEVO can remain in this uptrend without putting out any new updates.
"Aside from being one of the epicenter penny stocks, it’s also been considered one of the “ESG stocks” to watch. ESG stands for “Environmental, Social, and Governance.” The basic idea behind it is in support of companies that leave a positive impact on those specific areas of interest. How Gevo falls into the category has everything to do with its business model...While GEVO stock has been incredibly volatile, the overall trend has been strongly upward. Since September 24th, shares have climbed from around $0.80 to a close on Friday of $1.22. With a continued focus on reopening and alternative energy, will this 1-2 punch spark a continuation in GEVO’s chart this week?"
Original Quote: Looking For The Best Epicenter Penny Stocks To Buy? 3 Names To Know
Another Epicenter Penny Stock At A Cross RoadsHertz ( HTZ ) is back at a crossroads on its chart, this area has been heavily congested ever since the "big dip". As we'll know more definitive outcomes to its bankruptcy hearing later this month, it's going to be interesting to see if the epicenter penny stock can make new highs from here.
"Given the sentiment in the market late last week, Hertz stock traders took this as a big positive with shares soaring to highs not seen since June. Given that this isn't officially finalized yet, will HTZ stock be on your list of penny stocks to buy or avoid this week? "
Original Quote: Looking For The Best Epicenter Penny Stocks To Buy? 3 Names To Know
BKYI RetracesBKYI retraces from last weeks highs, but holds above monthly lows. A bounce exposes .85 or better.
