Get started

Pennystocks

Invest in the Company, Not Just the ProductPenny stocks—tempting, right? They grab attention with buzzworthy claims, seemingly overnight potential, and a tantalizing low price point. But most penny stocks ended up where they are for a reason, and when there’s hype surrounding one, it’s often a last-ditch effort to revive the company. It’s easy to get swept up in the noise. Picture this: You’re sipping your morning coffee (or maybe a mimosa—it’s New Year’s Day after all). You’re optimistic about the year ahead, a little flush with extra cash after the holidays, wondering whether to buy something indulgent or keep it in the bank. As you scroll through your social media feed, you see it: a blurb about a penny stock that’s supposedly the “next big thing” for 2025. Suddenly, your plans shift. Investing seems like the responsible path, but you’re not just aiming for small yields—you’re dreaming of hitting it big. Next year, you could proudly say, “I got in when it was $3!” Sound familiar? Let’s talk about this. Recently, someone asked me about a penny stock, Nutriband Inc. (NTRB). It’s trading at $4.68, with buzz around its development of an abuse-deterrent to fentanyl—an important issue, no doubt. The company is reportedly trying to fast-track approval by the end of 2025. My advice? Approach this like any other penny stock: with careful research and diversification. Start with the Basics: Research the Company When it comes to penny stocks—or any stock for that matter—the product might be flashy, but you’re investing in the company. Let that sink in. The company. Not just what they’re selling. Begin by pulling up a chart of the stock. For NTRB, you’ll see it opened in 2018 around $5. By June of that year, it had hit $45.52, but what followed? A steady decline, punctuated by fleeting rebounds, until it hit the floor in 2021. This tells a story, but to truly understand it, you need to ask the five W’s: Who started the company? What is it really about? When did it launch? Where was it founded? Why was it created? These are foundational questions that provide context for whether the company is worth your investment. This information is often easy to find, and once you answer these questions, you can begin examining the stock’s key moments. Look at the peaks and troughs on the chart—each represents a turning point. What drove those changes? Did the company pivot from its original mission? Is the product they’re developing today aligned with their past trajectory, or is it a complete departure? Never assume; always verify. Without this context, how can you trust the claims behind their product? Research the company thoroughly—it’s time-consuming, yes, but essential. And the more you do it, the quicker you’ll recognize the signs. The Big Question: Who Else? Here’s the fun part: after you’ve done the deep dive, ask yourself, “Who else is doing this?” Nutriband may not be the only small company working on an abuse-deterrent for fentanyl. In fact, they likely aren’t. And while you might hesitate to invest in a bigger company, consider this: larger companies often have stronger foundations, better resources, and established processes for navigating regulatory approvals. Their fundamentals may not carry the explosive growth potential of a penny stock, but they’re also less likely to collapse under pressure. Additionally, investigate the industry as a whole. What’s the approval process for a product like this? Are there target dates or industry-wide challenges that could delay progress? And most importantly, how does this fit into the broader landscape of healthcare or pharmaceuticals? These questions give you a clearer picture of whether the company’s vision is realistic—or just hype. Avoid the Trap of Hindsight Bias So, you’ve done all this research and realized you could’ve just pulled the trigger without it. Why bother, then? That’s hindsight bias talking. Falling into this mindset can lead to reckless decisions based on incomplete information. Research isn’t just about the trade you make today; it’s about building a disciplined approach to investing that serves you long-term. Don’t let the buzz or the surface-level appeal of a product override the need for due diligence. My Advice on Penny Stocks Rule number one: Don’t tell people how to spend their money—especially when it comes to gambling. That said, I was asked for my advice on NTRB, so here it is: Research thoroughly: Know the company, not just the product. Diversify: If I were to invest in penny stocks, I’d spread my investment across 3-5 of them. That way, even if 1 or 2 fail, you have a better chance of seeing returns. Play the odds: Penny stocks are inherently risky. Personally, I’d rather take that extra holiday cash, book a flight to Vegas, and put $1,000 on a roulette column or dozen. The odds are similar, but the outcome is immediate, and if you win, you triple your money in seconds. If penny stocks are your thing, be smart about it. Don’t fall for the hype. And if you’re not confident in your ability to evaluate the company behind the product, maybe it’s time to rethink whether this is the right investment for you. -Bob Cavin 3
NASDAQ:NTRB
by bcavin
HOVR: Trading Sub-$1 NASDAQ Stocks (Fight Delisting Risk)Objective: Profit from the volatility and potential rebounds of stocks priced below $1, often referred to as "penny stocks," while managing delisting risk. Delisting Pressure Stocks trading below $1 for extended periods risk NASDAQ delisting. Companies often act to boost stock price through: Positive news announcements. Mergers, buybacks, or reverse stock splits. Even small price moves (e.g., $0.20-$0.30) can result in significant percentage gains. Liquidity Stick to sub-$1 stocks with sufficient volume (at least 1M shares/day) to avoid illiquid trades. Diversify Spread risk by trading multiple setups instead of concentrating capital in one position. Applying the Strategy to HOVR Situation: HOVR is trading below $1 on NASDAQ. Company faces potential delisting pressure but shows technical signs of a rebound. Entry: Entered using a buy stop order around $0.48 Stop Loss: Set at $0.30 to limit downside risk. Take Profit: Target $1 or higher, psychological resistance. This strategy capitalizes on the technical and fundamental nuances of sub-$1 stocks while adhering to disciplined risk management.
NASDAQ:HOVRLong
by MESHANL
$CHSN Short signal (my trading dairy)I will short trade NASDAQ:CHSN today if it started to rise after open, here is my reason: 1. Market maker sold out: the price reached the resistance level from previous high with high volumes, which means half shares of the market cap has already sold. personally, i think those sold shares belong to the market maker. 2.Negative news: SEC has ordered a suspension of trading in the company's securities on Oct 9, 2024 due to price manipulation activities. 3.Huge remained short volume Compared to the volume and daily short volume of Oct 4th, Oct 7th, and Oct 22th, we could discover there is huge remained short volume. Therefore I will short trade it tonight if it follow my expectation.
NASDAQ:CHSNShort
by xugina78
IDBI Bank-Short term-Penny Stock- Acceleration required!! 09.08.2024 Buy 98 Target 144 Stoploss 74 Risk-reward- 01:02 Holding time: 3-6 Months 1. Inside candle breakout with good support from RSI 2. Now price has reached 10 year old level. 3, Price reclaimed from 50% Fibonacci 4. Volumes are very good in upward movement and decreased volumes during retracement. 5. Price rejected at resistance turned support zone also crossed 21 EMA 6. Price is under consolidation from 6 months in same zone 7. Fundamentals are very good. NSE:IDBI
NSE:IDBILong
by Swinging_Inside_the_BAR
IDBI Bank-Short term-Penny Stock- Acceleration required!! 09.08.2024 Buy 98 Target 144 Stoploss 74 Risk-reward- 01:02 Holding time: 3-6 Months 1. Inside candle breakout with good support from RSI 2. Now price has reached 10 year old level. 3, Price reclaimed from 50% Fibonacci 4. Volumes are very good in upward movement and decreased volumes during retracement. 5. Price rejected at resistance turned support zone also crossed 21 EMA 6. Price is under consolidation from 6 months in same zone 7. Fundamentals are very good. NSE:IDBI
NSE:IDBILong
by Swinging_Inside_the_BAR
BBAI may move higher from deeply oversold LONGBBAI fell on an earnings miss on Thursday, March 7th. The downtrend of 30% was a slow flush. Penny stocks are volatile, to begin with; this one is in the hottest of subsectors. Price is in the hard oversold area just below the first lower VWAP line on this 15-minute chart which is acting as resistance. the RSI lines are in the 30s-40s showing the price weakness. A predictive forecasting algo from Luxalgo suggests move up. I will buy this weakness on the prospect things will improve. I will take a long trade with tiered targets on the chart. partial closures of 25% , 50 and 25% respectively with the targets shown on the chart. The stop loss is 2.00 just below the current price. The entry will be a limit order / buy stop set for 2.5 It is selected as a POC line crossover on the volume profile. The trade is to be managed with partial closures directed by alerts and notifications as well as a trailing stop loss of 5% once the price gain has reached 10-15%. This minimizes effort and screen time so that they can be spread across a wider variety of trades.
NYSE:BBAILong
by AwesomeAvani
7
WKHS will it rally 50% or fall below its ATL WKHS has been sideways or down since the bullrun in late February. Another EV small cap is nearing bankruptcy unless it finds a suitor ( FSR trying to attract Nissan) WKHS has a niche with its delivery trucks ( like for Amazon Prime and USPS). Is the concept to production hangups and slow downs going to cause its demise? Trader confidence is lacking or are traders simply waiting for the best possible price? Price is now about to match the all-imte lows of mid February. Will there be support or will it fall.? Dould WKHS dead cat bounce to rise to recent high pivots? This may be interesting and potentially profitable.
NASDAQ:WKHS
by AwesomeAvani
PRTS - Penny stock about to launchPRTS is a car parts online seller. During covid boon, the company grew agressively, so is their share price and market cap. Since then, not much dilution, 600m NR, P/S is below 0.1!! Issue is profitability, the company does not have a debt issue, current cash and current profitibability and FCF can last years so no dilution to be expected. In July, they started a TV commercial campaign, insider buy at 1.09 level for 100k usd. I mean for me this is an obvious play, but at 1.10 below, ride to 2 usd easily. Even then P/S will be still 0.2 and with their transformation of product portfolio, if they post a profitable quarter end of the year, easily we will x3 here. I put enough money that I will not be sad if I lose. I think we are at the floor prices but anything can happen, this is not classic mag7, yet I see a very nice risk reward with stop loss at 0.95
NASDAQ:PRTSLong
by S5_Trading_Desk
BB set up for a move higher pre-earnings LONGBB on the 15 minute chart has earnings in three weeks. Price has been meandering sideways for two weeks after some significant volatility in mid-May. I believe it is now due for a change of phase/cycle as the earnings approach. I will place a long trade here targeting initially 3.10 just below a significant level to the left being the consolidations before and after the volatility of mid-May. These is the likely level where traders will again make trades in BB. The upcoming earnings should add some extra volatility into the price action which could translate into profit.
NYSE:BB
by AwesomeAvani
5
CCLD CareCloud an IT/AI pennystock rising LONGCCLD is shown on a daily chart with the only indicator being a volume profile. Horizontal lines are drawn from some prominent pivots. As a microcap CCLD has more volatility than the big name IT/AI stock. It also has upside as it is currently priced at 15% of the all time highs in 2021. The initial target is 3.5 based on the low volume consolidations of the whole year of 2019 and May 22 to May 23. A higher target is 7.0 which corresponds to a volume void to be filled. This is a risky but potentially highly rewarding long trade. Buying when price has risen from extremely oversold into the high volume area of the long-ranged volume profile helps diminish that risk.
NASDAQ:CCLDLong
by AwesomeAvani
1
Is FFIE running to earnings early ? Maybe yes. LONGFFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward. A massive volume inflow peaked the price action in keeping with Wychoff's theory. 42 million shares traded yesterday morning. The EMA cloud settings are periods are 14/56/140 ( long story multiples of 7). The slow and fast RSI lines had a golden cross of fast over slow and both over the 50 are quite demonstrative of bullish momentum. ( settings 3 hrs and 1 week). I will play this long until earnings- adding 100 to 1000 shares per day at the low of the day on a 5-15 minute chart. I will also look at the options chain for March 15th. Given that WKHS did the same thing and reports the same time, something behind the stage curtains is underway. Penny stocks are always risky. My analysis has the risk diminished here.
NASDAQ:FFIELong
by AwesomeAvani
OGI - a MJ penny stock upgraded LONGOGI got an upgrade from hold to buy and with it a target of 5.25 or more than double current valuation. The ballot iniative in Florida and legalization in Gremany are recent news. VP Harris seeks to make legalization an lection issue this fall while pushing for a DEA reboot on the whole cleassification of MJ. Prospects for growth seem more clear for OGI . I will take a long trade here with the National MJ Day upcoming this weekend. I will target the horizontal levels of recent pivots as drawn in black on the 60 minute chart.
NASDAQ:OGILong
by AwesomeAvani
OGI Swing Trades Continue More Volatlity from Fed News SHORTOGI has completed another trend up from the federal news about a push for legalization of marijuana as a handout from incumbents seeking another term. My recent idea on OGI as to demonstrate its suitability for high return short duration swing trades to add compounding into the profit and returns. The increased volatility due to the federal news only adds to the overall picture. I will short OGI here looking for price to fall to the area of the mean VWAP where I will reverse my position and begin to take a long position in increments at optimal entries.
NASDAQ:OGIShort
by AwesomeAvani
20 and 50 Golden Cross DailyCertainly! "When the 20-day moving average crosses above the 50-day moving average on a daily stock chart, it forms what is known as a 'golden cross.' This is generally considered a bullish signal by technical analysts and investors, indicating a potential trend reversal towards a bullish market. However, it's important to consider other factors and indicators to confirm the validity of this signal before making trading decisions. For Ault stock, this golden cross is currently occurring, marking an event that hasn't happened in years."
ALong
by Volatility90