This is a fascinating market.
In spite of the Russia-Ukraine war, the Fed’s interest rate hike, and oil still above $100 per barrel…
All the major market indexes closed green last week. And not just a little…
The Nasdaq ended Friday up 10.4% from Monday’s close. The trickle-down effect lifted small caps and micro caps, too. The Russell 2000 ended the week up 7.4%.
In penny stock land, there was even a one-day 714% spiker. I traded it for a 44% win — my biggest percent winner of 2022.
Before you ask how I found it…
In a way, I feel bad for short sellers…
They have all the logic on their side…
But terrible timing with a hugely oversold market.
What does that mean for you?
On Thursday and Friday, there were some BIG short squeezes.
Remember when I used to say short sellers are the new promoters?
It looks like that could be the case again — particularly with the two listed stocks featured this week…
- Kidpik Corp. (NASDAQ: PIK … read my analysis here)
- Asia Broadband Inc. (OTCPK: AABB … read my analysis here)
- Boon Industries Inc. (OTCPK: BNOW … read my analysis here)
- BONUS: Mullen Automotive Inc. (NASDAQ: MULN … read my analysis here)
Top Penny Stocks List: March 21, 2022
It was positive to see a few OTC multi-day runners last week. Recently, most OTC morning spikes have been one-and-dones. Don’t get too overaggressive until this market bounce proves itself. As always, the key is to adapt to the present market.
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
This week’s featured stocks include two with news that turned into short squeezes. Also featured is last week’s 714% spiker and, as a bonus, a former runner that ended the week strong…
Top Penny Stocks List #1: Kidpik Corp. (NASDAQ: PIK)
Kidpik Corp is a subscription-based kids’ clothing company. It delivers mix-and-match coordinated outfits for different sizes and style preferences.
Key points about PIK…
- On March 17, Kidpik announced a deal with Disney to promote the “Cheaper By the Dozen” release on Disney+.
- PIK spiked in premarket trading Thursday, then formed an intraday cup-and-handle pattern. It then turned into a big short squeeze that extended into Friday trading.
- PIK spiked 309% in two days and closed Friday up 23%.
I’m watching PIK for potential dip buys into any big morning panic only. No chasing this one.
Top Penny Stocks List #2: Boon Industries Inc. (OTCPK: BNOW)
Boon Industries, Inc. is a bioscience company that manufactures non-toxic disinfectants.
Key points about BNOW…
- On March 17, the company announced its new processing facility is up and running at $78 million capacity.
- BNOW spiked 714% on Thursday. It ran another 31% on Friday before falling hard to close down 33%.
- Despite the Friday sell-off, BNOW is still up 484% since the press release.
My BNOW trade on Thursday is my biggest percent win so far in 2022. Friday I traded it twice more — a win and loss for scratch.
I’m watching for potential dip buys into any big morning panic. I’ll also watch for more spiking if there’s momentum and, ideally, a news catalyst.
Top Penny Stocks List #3: Asia Broadband Inc. (OTCPK: AABB)
Asia Broadband Inc. is a mining company that’s also active in blockchain and DeFi. The company operates a crypto exchange and has its own gold-backed token.
Key points about AABB…
- The company announced it will launch the mobile app version of its crypto exchange on March 22.
- AABB is up 53% since the news on higher than average volume.
- It went full supernova in February 2021. Since then it has proven it can run for multiple days, most recently in December.
I’ll watch for potential dip buys into any big morning panic. AABB is also on watch for more spiking, ideally with news and big volume.
Top Penny Stocks List BONUS: Mullen Automotive Inc. (NASDAQ: MULN)
Mullen Automotive Inc. is an EV company that manufactures cars, fleet vehicles, and batteries.
Key points about MULN…
- MULN is up 458% since February 24. The EV sector has ramped steadily since oil started spiking.
- On Thursday it had a multi-day/multi-week breakout over $2 per share.
- On Friday, shorts got squeezed hard as MULN traded over 400 million shares for the second day in a row.
I underestimated MULN and how many shorts would get squeezed. I’m watching for potential dip buys into morning panics only. It trades a little choppy for my liking.
My dad is an inspiration to me. He’s always been there for me, supported me, and encouraged me. I consider him my best friend. Last week, along with Karmagawa and the Bali Children’s Project, I got a chance to publicly say…
Thank you, dad!
Announcing the Joel Sykes School
I’m SO PROUD to announce the grand opening of the Joel Sykes School in Bali. It’s our 103rd school and 40th in Bali.
I’m SO PROUD to announce the grand opening of our 103rd @karmagawa school, & 40th school in Bali, The Joel Sykes School, in honor of my dad/best friend Joel as I am SO GRATEFUL to have him in my life! Please retweet & wish him well as he’s been having some health issues lately 🙁 pic.twitter.com/V4tmdjpkBD
— Timothy Sykes (@timothysykes) March 16, 2022
I’m SO GRATEFUL to have him in my life! Not only has he taught me a lot, but he also has given me the opportunity to pursue my dreams.
You might not know it, but my dad helps new Trading Challenge students get started on the right track. A lot of students have expressed gratitude after talking with him.
Please comment below — congratulate my dad and wish him well.
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.
Also, get my best-selling book “An American Hedge Fund” here at no cost.
For the basics of my strategies, read “The Complete Penny Stock Course.”
And if you think you have what it takes, maybe the Trading Challenge is for you. Only apply if you’re willing to study hard. It’s not easy, but it’s where all my top students refined their skills.
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.
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!