Prime Reddit Penny Shares to Watch: Key Takeaways
- The meal equipment supply inventory Reddit merchants say is “rising dramatically.”
- A brief squeeze goal that might be the following SPRT…
- Inventory #4 simply soared 100% on constructive fuel nicely outcomes.
Study to commerce by way of ANY form of market with a 20+ 12 months penny inventory veteran.
A number of new tickers be a part of this week’s Reddit penny inventory watchlist on information of meal equipment supply and restaurant enlargement. Plus, an oil and fuel firm simply introduced information. And are Reddit merchants proper about potential brief squeezes in shares #2 and three? Discover out under…
And skim to the top to find the highest three tickers talked about on WallStreetBets and two extra trending Reddit penny shares.
- Two Palms Company (OTCPK: TWOH … Learn our full evaluation right here.)
- Vinco Ventures, Inc. (NASDAQ: BBIG … Learn our full evaluation right here.)
- Aterian, Inc. (NASDAQ: ATER … Learn our full evaluation right here.)
- Falcon Oil & Gasoline Ltd. (OTCPK: FOLGF … Learn our full evaluation right here.)
- Smokefree Innotec, Inc. (OTCPK: SFIO … Learn our full evaluation right here.)
If you happen to ever have a giant win or go on a sizzling streak, others will start to go with you/worship a lot that you simply could be tempted to consider the hype…BUT DO NOT GET AN INFLATED EGO! As a result of if you happen to ever do get too cocky, the market has a method of bringing you proper again right down to measurement!
— Timothy Sykes (@timothysykes) September 3, 2021
5 Reddit Penny Shares to Watch This Week
I’ve reduce by way of the noise and chatter on Reddit to provide you with these prime six Reddit penny shares to look at now.
However keep in mind, this watchlist isn’t a suggestion to purchase or commerce these shares.
And if you happen to’re hoping to get wealthy fast or questioning “are you able to get wealthy off penny shares?” … you’ve the unsuitable mindset.
Don’t concentrate on the cash.
That solely creates unhealthy buying and selling habits like going all in, gunslinging, and overtrading…
These are all of the habits Reddit merchants appear to advertise and encourage.
Ignore that BS. By no means blindly observe or hearken to promoters or pumpers on social media and in chat rooms. All of them declare these shares are going to the moon. They’re not.
Most penny shares fail.
All the time count on the worst from each firm so that you received’t be disillusioned. Be able to benefit from the hype and volatility, commerce your patterns and buying and selling plan, then transfer on.
If you happen to’re new to penny shares, get my FREE information to buying and selling this area of interest right here.
Let’s do that…
Reddit Penny Shares to Watch #1: Two Palms Company (OTCPK: TWOH)
TWOH is a tech firm that develops apps. Its present focus is on rising its Gocart.metropolis app and meal equipment supply service.
One Reddit person posted a due diligence thread on the corporate and mentioned it’s “being closely shorted” and the corporate is “rising dramatically.”
To start with, I don’t know anybody of their proper thoughts who’d brief a sub-penny inventory. Second, I don’t suggest anybody put money into penny shares. (I did it as soon as and it price me $500,000 of my very own cash. Learn the way it all went down in my no-cost ebook “An American Hedge Fund.”)
It blows my thoughts that individuals put their hard-earned cash right into a inventory primarily based on somebody’s opinion on social media.
All the time do your individual analysis and by no means consider promotions and hype.
Sub-penny shares aren’t my favourite, so I’ll must see an ideal setup earlier than I plan a commerce.
Reddit Penny Shares to Watch #2: Vinco Ventures, Inc. (NASDAQ: BBIG)
BBIG’s a shopper cyclical inventory that gives toys, electronics, and housewares to retailers and distributors. It returns from final week’s watchlist…
Sadly, most merchants are speaking about how they’re bag-holding a dropping place. They attempt to justify it by mentioning the inventory’s brief curiosity and borrow charge. Merchants assume it might nonetheless squeeze and evaluate it to Assist.com, Inc. (NASDAQ: SPRT).
BBIG began to squeeze a bit on Friday. We’ll see if upside momentum continues. However don’t chase and all the time reduce losses shortly!
Reddit Penny Shares to Watch #3: Aterian, Inc. (NASDAQ: ATER)
Aterian’s a tech firm that makes use of an AI machine-learning platform to research knowledge to market and promote merchandise.
ATER additionally returns to the watchlist from final week. It was on look ahead to a morning panic dip purchase, nevertheless it’s held up and is consolidating. On September 3 a person posted a thread saying it’s “the following AMC sort squeeze.”
The inventory has a pennant flag on the each day chart. If it breakout to the upside it might proceed larger and retest or breakout above $9.
That’s what I’ll look ahead to. Ideally, it’ll even have a catalyst and excessive quantity.
Reddit Penny Shares to Watch #4: Falcon Oil & Gasoline Ltd. (OTCPK: FOLGF)
FOLGF is an oil and fuel exploration firm.
A Reddit person posted a thread in regards to the firm after it introduced “constructive nicely outcomes” and gained 100% on September 3. It had an enormous hole up however traded sideways the remainder of the day with low quantity.
It’s one other one I’ll look ahead to a panic dip purchase.
Reddit Penny Shares to Watch #5: Smokefree Innotec, Inc. (OTCPK: SFIO)
SFIO was within the tobacco sector earlier than being acquired by Agrokings Integrated in November 2020. Now the corporate’s within the hospitality, agricultural, electrical, and distribution areas.
On September 2 the corporate introduced it’s increasing and franchising its Epiphany Café within the U.S., Canada, and UAE. A Reddit dealer posted the press launch in a thread and added feedback about upcoming catalysts.
The inventory’s buying and selling sideways and has low quantity. I’ll must see a catalyst and excessive quantity earlier than I plan a commerce.
Extra Reddit Shares to Watch
What else is trending on Reddit? Listed below are some shares seeing elevated chatter within the chat rooms. However keep in mind, loads of the merchants in these chat rooms are HODLing.
They’re extra like buyers or swing merchants than day merchants. It appears many consider in these firms. I believe that’s an enormous mistake…
Ready merchants don’t get sucked into the chatter. Use the amount and hype to commerce repeating patterns then transfer on to the following.
Over on WallStreetBets, Root, Inc. (ROOT) was the top-mentioned ticker on August 30 as the following brief squeeze goal. The inventory gapped up from $6.40 to $7.92, made a excessive of $8.40, then tanked the remainder of the day.
Right here’s what else is trending with Reddit penny inventory merchants:
- Meta Supplies Inc. (NASDAQ: MMAT): MMAT’s a former runner that’s one other brief squeeze goal. It’s not buying and selling excessive quantity just like the others on my watchlist. It additionally has an enormous float so possible wants a information catalyst to herald extra quantity for a giant transfer.
- American Battery Metals Company (OTCQB: ABML): ABML had its first inexperienced day on August 27. On August 30 it gapped up and acquired mentions within the Reddit each day thread after the corporate introduced a brand new CEO.
See the Penny Shares I’m Watching
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The Remaining Phrase on Reddit Penny Shares
Reddit chat rooms have the potential to push shares larger. They’ll create big brief squeezes and supernovas. We’ve seen it occur previously.
And though the previous doesn’t repeat itself precisely, it usually rhymes.
I’m on no account saying run out and purchase these Reddit penny shares. The chat rooms will be stuffed with promoters and bots simply as a lot as Twitter. However shares with excessive quantity and hype might current alternatives. So watch them for potential performs.
However all the time have a buying and selling plan and keep disciplined. And by no means consider the hype.
Undecided which sample or technique is greatest for you? Watch the market, follow by paper buying and selling on StocksToTrade**, and examine all my buying and selling training assets.
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Which of those Reddit penny shares do you assume has essentially the most potential? Let me know within the feedback … I like to listen to from you!
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