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πŸ“ˆπŸ“ˆ Bullish Penny Stocks Under $10 for 8.2.2019 πŸ’΅πŸ’΅ - #stockstowatch #pennystocks

What Is a Penny Stock: A penny stock refers to a small company's stock that typically trades for less than $5 per share. Although some penny stocks trade on large exchanges such as the New York Stock Exchange (NYSE), most penny stocks trade via over the counter (OTC) transactions. Transactions take place through the electronic OTC Bulletin Board (OTCBB) or through the privately-owned Pink Sheets. There is no trading floor for OTC transactions, and the quotations are also all done electronically.

The desire to make a quick killing in the stock market draws many inexperienced investors to trade in penny stocks. Unfortunately, this also means many people lose their money in the blink of an eye.
Why would anyone take on this type of risk? As the saying goes, “the higher the risk, the higher the potential returns.” If invested in the right companies, penny stocks can provide enormous returns. So if you’re comfortable with the risk versus return trade-off, and understand that you could lose your money, penny stocks could play a role in your portfolio.

Jonny Red's Penny Stock Trade Thoughts Below:

The below listed Penny Stock Tickers are all those that meet the criteria of the scanner.  These are tickers that need to be watched and analyzed at Market Open to see if they will continue their Northern Momentum. I have posted a few of the charts for my favorite ones.

All of these tickers close today with 3 consecutive Green closes. I typically always look for penny's stock plays that have 2 to 3 consecutive GREEN days, and at least 800k+ in volume.

Transparent Traders Daily Used Stock Screeners Found Here ---> Click HERE

Bullish Stocks Under $10:

  • MRMD - I will be watching for any pull back in the morning prior to entry, but my plan is to enter and swing to the top of the upper band, 15-20%.
  • LBY - Look for this one to come crashing down IMO tomorrow. -$1.95 loss per share from earnings.
  • DF - One to watch.  If Northern movement continues tomorrow, this could easily test the $2.01 high for 50 cent gainer.  I will enter if we move North at open.
  • GLCO - Volume out of nowhere on this one, will watch to see if it continues. Could be a easy OTC flip here.
  • PCTL - I continue to play this one, day after day.  20-40% gainer today, Looking for that day trade out of it tomorrow as well.

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