Long term penny stocks reddit
Long term penny stocks reddit. Mar 19, 2021 · The typical pick on r/PennyStocks comes in at just $310 million, compared to $10. This is my dream scenario. Any strategy will make money in a bull market, just depends on your risk profile (are you YOLOing or creating a diversified portfolio of different asset classes) and how long you are willing to wait. Fourth, put together a plan to execute your strategy. NURS. Technicals tell you when to do it. Please DO NOT ask for BUY/SELL advice without sharing your own opinions with reasons first. Ture that. (NASDAQ: GRNQ) Greenpro Capital Corp. It's fine to use Fidelity, Etrade, TOS, or Webull for trades just go in knowing that if you try trading something super volatile it will be harder to do it on those platforms. Tangible Noteworthy points include the substantial stock buy back by key executives like the CFO (10-05-2023 $75,000 @13. 43 MIL. My ai bot actually told me about this stock. They probably hit a good amount of oil at their current site and have several other promising sites. 90 & amazzzing then feel free to let me know) Wana buy 1000 -2000 shares of something ASAP ! I have my eye on a few but they are mostly . Its business consulting and corporate services include tax planning, advisory, record management, and more. 20 (which is about 80% gains from the level I posted at yesterday morning in the pre-market) so let's identify some shorter-term targets and some levels we should look for first. May 18, 2021 · However, with high volatility comes the potential to make big gains (and losses). Long term 99. News on debt elimination means long term profitability. These are to treat rare and ultra-rare premature stop codon diseases. 1 million in Q1 2023. Pay the extra 3 bucks and get real time bidding. Option prices move for a lot of different reasons. Jan 30, 2023 · Utilize Social Media. It's my term, I think of penny stocks as either a legitimate company that may develop a solid stock price or a nothing company that is all about hype. American Lithium Corp ( CVE:LI) We all know that Lithium is an essential component for rechargeable batteries in things like electric vehicles and smartphones. Penny stocks on the other hand routinely move 100%+ in a matter of days or weeks based on a hint of good news. 9% Performance 2022: -33. 27 but i cant find the market cap listed anywhere. Or they do absolutely nothing except spiral down to near zero. 75 and there is a $0. MembersOnline. 68) and CEO (03-24-2023 $1,004,000 @$22. Penny Stocks, while risky, move for discernible reasons. 08) of its value since it went public a decade ago, 92% since February this year. I've got like $1000 put into maybe 20 penny stocks that I'm just sitting on. Appropriately sized company Market Cap, no more than 2x annual revenue or no more than 15x annual free cash flow as a ballpark figure. gold is near an all time high; this is a cyclical play not a long term play. 78 million. Below are 10 of the hottest penny stocks you can buy in Canada. Advantageous compared to other players with a lot of hype behind them. ( NASDAQ: DARE) Jaguar Health Inc. 99 -- just one cent shy of the $5 threshold under which all penny stocks exist. In the end it might only cost you like $50 to buy like 10k shares, but the gain could be huge if one pops. 27. Two - Language conflating potential gains from day trading with potential gains from long-term investing in stocks should raise an eyebrow. If you are in a penny stock and there's no big movement and no catalyst for a month, Get out. Either one makes a good investment when you know the difference and ride it for what it's worth. US Venture Capital, Private Equity Firm, Venture Builder. Please read the rules so you know what belongs in daily discussion comments and what deserves a legitimate post. Limited details here, but a potential topic for Aug 13, 2021 · IAG stock is one of the best penny stocks from the gold mining sector. Have not made any money. And lastly, the stock could hit $4, where one would then sell the remaining 25%. Penny stocks are often very thinly traded and if you have a huge position it, unwinding it fast can mean a large loss. 0150 Sell said 50K shares at $0. Altria, formerly known as Philip Morris, is the best stock that ever existed in human history, even as smoking rates peaked in the 1960s. Chico’s FAS Inc. As technology continues to evolve, investors must Limits on Penny Stock quantity Purchases (TK has a 50K per trade limit) Scenario: Buy 50,000 stocks of firm XYZX at $0. HATHWAY Cable. These platforms provide investors with access to a wealth of information and opinions on a wide range of stocks, and can provide valuable insights into the potential of a particular stock. Using social media platforms like Twitter and Reddit can be a helpful tool in finding multibagger penny stocks. Eta: just buy schd. The market has shown resilience after a significant correction last year, with growth and penny stocks rebounding strongly. A stock that can loose 50% in the next week, could be up 100% over the next 12 months. Thanks to renegade Redditors who led the most famous short squeeze in history, it would peak at $86. Stock Universe: Nifty 50; 5Y Avg Net Profit Margin: Sort from highest to lowest; Details of top 3 stocks for long-term investment in India. Maybe solar stocks comeback, oil hedge penny stocks, battery, data, etc. Too many people follow this "take profits" motto, when in reality the big money is made by spending tons of time doing research and then holding o If we are talking about sustainability long term options are hands down better especially when you add in things like covered stock positions and naked short options. 65g/t to an impressive 98. 9 billion. Check the float (you can use finviz for this). If you purchase 1,000 shares of the stock at $0. Posted by u/Extra_Tradition - 9 votes and 39 comments Look for high value stocks at cheap prices i. 094 Million. You should only invest a small amount into penny stocks. Its stock initially opened at around $18. The more accurate version would be (since a lot of people browsing If you're going broke holding penny stocks, I would really just keep all of my money in a savings account. And with a wide list of penny stocks to buy as a result of Reddit, the options are limitless. I look for companies to buy in pennies that have real long term potential and hold onto the stocks. The stock has lost 99. Jul 7, 2021 · 7 Reddit Penny Stocks For Your July Watchlist. The traders that use this strategy perform a thorough fundamental study, assessing the financials, market trends, management, and competitive advantages of a company. 95 cent- $1 Edit: I hope this thread helps everyone there’s some GEMS in the comments!!!! The only reason I'm here, is to help people learn from my mistakes. You could use IBKR if you want just depends but I prefer DAS. Our expert analysis and research will help you make wise investment decisions and build a strong portfolio. 6M. US Mobile health, Uber for Nurses, licensed in 50 states, very profitable. Long-term investors can focus on the big picture and the company's intrinsic value, reducing their impact from short-term market fluctuations. Top picks include META, Google, Starbucks, Verizon, and others, with varied perspectives on their potential. For a long term investment, you will need a wide portfolio. ** Update FEB 21. It has been on a consistent downward glide. Company name: Srivaru motors. Power Grid Corporation of India Ltd Jul 7, 2021 · It also issued a positive Q2 and full-year forecast. 1 g/t to 3,026 g/t and up 3. During a dip you can get some new positions. Penny stocks are basically gambling nearly all your investments should be in more stable better stocks. 062 average. 18 for the longest time and all the shareholders were Best is to not invest in penny if you are beginner. Sep 24, 2022 · You believe the stock is undervalued and has the potential to trade significantly higher over the next year or two. Feb 12, 2024 · We have listed the 10 best stocks to buy in India for the long term based on the following parameters on the Tickertape Stock Screener. 8. They have recently: -No debt -21. Companies may survive 25 years or 100s of years w/o giving any meaningful return. 34 million in revenue and earning more per share. My only long term penny stock was ABMC because the CEO didn't focus on PR and strictly on her business. What’s some good penny stocks to purchase for short term earnings? Preferably priced at . I’m still playing with the money earned from my free stock when I was referred to RH and I’m up to about $200. 79 right before it took off and trying to find some other quality Position Trading: Long-Term Investing in Penny Stocks. It actually seems somewhat promising as I’m 5% after buying this morning. 1g/t of Au, and remarkable silver values of 62. Dec 29, 2022 · Gamestop was still a penny stock on Jan. Amazon started as an OTC stock. Seacoast Shipping. 0250 What would be your total costs in terms of commission for the two trades, and internal + external fees? So, using my current commission structure, I would pay: Buy around 200 per stock and only deal with 2-3 stocks. Also, options are a money suck for retail investors just as penny stocks are. If you haven't already, please add your own analysis/opinions to your post to save it from being removed for being a Low Effort post. Are there any serious penny stocks to consider for the term of at least 2 years? where it would be a good idea to drop $1k today and just hold it. But not a single PR was heard, the stock was sitting around . Apr 1, 2024 · Savvy investors at Reddit discuss undervalued stocks for potential growth. Not shell company, its India first electric sports bike. Technology, retail, and fashion can create huge shareholder returns in a short amount of time, but those areas change very quickly and thus aren't good investments for the long run. 50 following the merger, but it has since dropped down to around $1. Feb 16, 2024 · Lion went public via a SPAC merger in May 2021. Yes Bank. Also, penny stocks rarely make for good long term holds and tend to have their moment(s) in the sun then fizzle. FACORALL. And buy more next day or do it every other day, purging unsold stock. I'm just slowly adding and love it when there's a dip. You can find other regular sized stocks with lots of cash . Some stocks trade at fair value or are overvalued, but there are non-speculative penny stocks that trade at a valuation gap, and there are some low-priced stocks that Basically Apple, Berkshire, Google, Microsoft. That's almost a trillion in straight cash, homey. Kosmos Energy Ltd. Fairly new to the community and I have discovered that I prefer to buy multiple shares of sub $1 stocks than a few shares of a stock >$1. 12, 2021, when it closed the day's trading session at $4. Current Market Cap at $132. Its lead investigational product candidate is ELX-02 which is in Phase 2 clinical trials, focused on treating cystic Long-term investing in penny stocks, on the other hand, requires vision and patience, allowing investors to witness growth, innovations, and milestones. Bought RECAF 1k shares at $1. Just look around at all the bag holders and those that lose money. 49 still holding. THIS is one of the most intelligent statements about penny stocks I've read. But still below can qualify as good, research hard before investing. I wish to invest 5% of my portfolio in high risk high return stocks… Promising consistent 10% monthly returns equates to a 120% annual return, which is astronomically high for any form of investment and highly improbable to sustain over the long term. Look for high value stocks at cheap prices i. Whether it be an up and coming industry or a failing company turnaround. As of March 2023, the former penny stock had attracted the interest of Sanofi ( NASDAQ: SNY ), who agreed to buy the company in a deal worth $2. Advanced analytical tools and platforms provide investors with real-time data and predictive analytics, enabling them to make informed decisions. Greenwave Technologies is a company that works in the procurement and recycling of scrap metals. It seriously must be so thrilling to wake up to. 4MM, with outstanding shares at 756. Gross Profit: Increased to $39. If an option is valued at $0. 00 per share after two years. 21, but currently back (as I’m writing this) to normal growth line at $0. For instance a $50 investment in SING would've returned 1700%, LNTC 6 months ago 5200%. Steve Wozniak. 80. 05 cents to $2+. I recommend learning about the greeks before jumping into options and learning about spread too. 4 Penny Stocks with Potential Gains Before 2023 Ends. We did it again and beat the benchmark! Except for 2022, when I was mentally not prepared for trading due to personal circumstances, we beat the S&P 500 once again in 2023! Performance 2020: +53% Performance 2021: +27. Reply reply. If there is any problem with this, reply to this comment and let me know! Edit: Insiders own 53. 5 billion for WSB, making Redditors with high karma (a measure of Reddit influence) the literal kingmakers of the Canadian Penny Stocks was established Dec 14, 2020 and is a very new subreddit. The average volume of RCON is 4. Wait till gold goes back down to 1,500-1,600 an ounce. 7% YoY to $22. While the chance is extremely slim, the idea of waking up to $1+ someday is extremely intoxicating. 50 at the time of compiling. I saw the business doing insane deals in the papers, website constantly sold out of testing kits, sales internationally. 50 per share, your total investment would be $500. If someone is promising 100 to 1 gains in the short term, rather than the long term (and by long term I mean 20 years), be skeptical. It has corrected by 16% in the last month, which has created a good buying opportunity. This development has made investing in penny stocks more accessible to a broader audience, potentially increasing the demand and volatility for these assets. Discover the best fundamentally strong penny stocks for long-term investment with Newsblare. I would recommend that you try paper trading first. If Lion can deliver on its goal to Apr 6, 2023 · You’ve also got other biotech stocks that skyrocketed over the last year. 70, it has dropped recently but just look at the chart. 80-. 14-. A Reddit post by Jul 13, 2021 · Greenpro Capital Corp. This is a common strategy used to ensure that every trade could be a winning trade. Revenue above $50 million for 2022. 99% ($675. If you have to save cash, make sure it's in a HYSA AMEX, DISCOVER, ALLY. Invest 80-90% of your investment in index funds and then "gamble" on individual stocks for the last 10-20% Or go 100% into funds. Mar 25, 2024 · The first trend to consider is the technological advancements that have democratized access to market information and trading platforms. One penny stock that may be worth investing in today which is developing a new antibiotic to treat urinary tract infections. 33) , impressive 5-year CAGR of 22% in operating cash flows, and a notable debt reduction with a 5-year CAGR of -9%. They have all gone down on Friday, and RCON has a volume of 3. I’d suggest taking that nice return now and cashing out. I bought into the hype of another pot stock, and hate to be part of a pump and dump in an industry I believe in, but I'm realizing that company is not the one to go with for Any advice on doing these long term instead of day trading? A few months back I there about $2k in a TD ameritrade account with pretty much no clue… 1 day ago · Compare Brokers. Waste of time and money. Cash to market cap - that's a metric - but it's not like an actual easy one to screen for with 1 mouse click. No matter if you’re day trading penny stocks or you’re looking for stocks under $10 to add to your long-term portfolio, you need to open a brokerage account before you can My current position for full disclosure: 1,000 shares @ $0. When you're investing in pennies, stop losses save your gains if it starts to fall. cn VSQTF. (NASDAQ: ELOX) Eloxx Pharmaceuticals Inc. 88 just 15 days later on Jan. With this in mind, let’s take a look at three Reddit penny stocks to watch. Ev/fcf makes cash happen. If you can't figure it out with a company it goes in the dirty column. 24% Zn. ( NASDAQ: PRVB) traded below $4 per share in 2022. Reply reply Of particular significance are 15 high-grade samples with values ranging from 12. By analyzing market trends, investor sentiment, and financial performance, investors can Hi all, Many of us have day jobs and cannot activity play on day to day basis. Take that as a warning that penny stocks may be Nice I usually don't waste my time with these sort of articles but there is legit reasoning along with numbers as to why this stock should rise. Look at their track record of share I'm mostly a range trader and sometimes the time it takes for a stock to bounce off support is a little longer than expected. Dare Bioscience Inc. 22 & 10-04-2023 $150,000 @$13. Bag holders try to prop them up, promising short squeezes or catalysts NEXTMONTH tm, but 99% of the time, none of that happens. Position trading is a tactic best suited for investors who are prepared to view penny stocks over the long term. . In general, guaranteed high returns are a classic hallmark of a Ponzi scheme or other types of financial fraud. If OP’s prediction is correct, you could be able to buy an avocado toast’s worth of stock and sit on it for a year or two. ( NASDAQ: ABIO Aug 14, 2023 · Each of these seven best penny stocks has strong long-term potential February 12, 2024 By Thomas Niel , InvestorPlace Contributor Aug 14, 2023, 11:54 am EDT February 12, 2024 May 1, 2024 · Market cap over $75 million. Case in point, HUL was in coma from 1997 to 2010, 13 yrs w/o any movement. I'm holding EEENF long but there's good reason to. JP Power. NE) They closed yesterday at $0. A price-to-sales ratio of below 2. In Q2, they performed better than expected, generating $8. Look at their track record of share They have all gone down on Friday, and RCON has a volume of 3. Fun derps. 785k shares at a 0. Vikas Lifecare. I've kept this trading philosophy with me for several years now: Fundamentals is why you should get in/out of a stock. But I've changed my approach. 00 to $0. Be watching like a hawk, get extra monitors or cheap chrome laptops to use as stock chart graphing. Bought HAL for 1,143 shares @ $6. As you like to say "it literally can not go tits up. The company provides consulting and corporate services to businesses in Asia. Now you want stocks which have atleast 3-5 million in volume since it shows there is a lot of people interested in the stock and its not spiking due to some guy buying 500,000 shares at one go. Provention Bio Inc. VST. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome. Positive and growing revenue over the last three years. Here is a summary of the steps I follow. 7 million or 95% of revenue in Q1 2024 from $500,000 or 18% of revenue in Q1 2023. I think 200% gains is possible this month! I was already at 100% gains until I purchased an additional 300,000 shares! 🤑 Think of this as my test to see if my ability to analyze and perform due diligence is up to the test, because of the past few months I got burned and my outlook changed to pursue companies that have potential for long term value versus panic selling because I'm down 10% Posted by u/jonimyhomie - 32 votes and 93 comments Remember, generally penny stock returns yearly are -27%. Source: I've worked in mining for almost two decades. The stock has shown strong performance recently and could be a good investment long term. loss/gain p*rn only on weekends. More projected revenues in 2024 than Market Cap. INFIBEAM. 3 Reddit Penny Stocks to Watch. At this rate it’ll be selling in the stocks per penny. With $40 million in assets, $31 million in revenues, and no debt, they are financially sound. Every now and then there’s a penny stock that runs from like 0. ( NASDAQ: JAGX) Luokung Technology Corp. Sometimes it's same day. PE < 15, forward PE also ideally less than 15 (historic market average) Stocks with assets exceeding liabilities are a must. e. (This is part of how the "dump" works) Another aside: The way you describe your emotions (high, intoxicating) is akin to a mild addiction, the sort gamblers face. Happy cake day. Even low yield investments pay out better than just savings. The S&P 500 is probably the most popular index to track. This subreddit is strictly for the discussion of canadian penny stocks on canadian exchanges. While penny stocks generally are quoted over-the-counter, such as on the OTC Bulletin Board or in the Pink Sheets, they may also trade on securities exchanges, including foreign securities exchanges. also stop losses might seem stupid, but penny stocks can go down 70-90% in a couple of weeks easily. 99% of penny stocks and 99. 8% Performance 2023: +29%. The only times I’d hold pennies is when I’m waiting for a specific event, like ctic announcing fda approval in October. Well the stock $5. ReneSola reported revenue rising by 7. 1. Honestly as a stock noob who had 200 dollars now halved I agree with you, r/wallstreetbets is a place where you can only and only learn how to lose. 1 million in Q1 2024, up from $3. Apple started as an OTC stock. Run the scanner and look at the volume. It's a lot easier to trade a stock short term, knowing that in the long term, it will eventually do well. 03 (HALO. If you would like to be a penny stock investor, you should try to hit at a rate of about 1/7 and expect at least a 10 fold gain, but realize your investment will go to 0 in 6/7 picks. is a financial penny stock that has performed quite well in the past few weeks. Retail investors bought in when AAPL/AMZN were penny stocks too, but not many held all the way through. Jul 1, 2021 · Eloxx Pharmaceuticals Inc. 75 max! (If it’s . It's about the risk/reward profile and what suits you. (Do your own DD of course, this is just one of the stocks I found). And of course I have my long term bags because sometimes they don't bounce at all lol 𝔸 𝕡𝕝𝕒𝕔𝕖 𝕥𝕠 𝕝𝕠𝕤𝕖 𝕞𝕠𝕟𝕖𝕪 𝕨𝕚𝕥𝕙 𝕥𝕙𝕖 𝕙𝕖𝕝𝕡 𝕠𝕗 𝕗𝕣𝕚𝕖𝕟𝕕𝕤 If you want a long term investments seek out better stocks. For 2021, revenue will be in the range of $90 Apr 25, 2024 · Top 10 Penny Stocks in Canada To Buy in 2024. 13 CAD & 10 shares @ $0. Welcome to /r/StockMarket! Our objective is to provide short and mid term trade ideas, market analysis & commentary for active traders and investors. (XCUR is the 3rd and final stock on the list) Edit: Worth noting this won't be an overnight flip. Same as CTXR. 18 sold @ $4, other account bought it @ $1. 50, where an investor would sell 50% of their position. For anyone else: Follow that shit all the way up to ATH and set it ~10/15/20% lower. Its close enough to be in this list and from my research a hell of a lot better of a long term hold than anything else posted. These findings reaffirm the potential for exceptional high-grade mineralization. 6 percent. is a biotech penny stock that is developing ribonucleic acid modulating drug candidates. Mar 1, 2024 · Investors exploring long-term growth in the semiconductor industry often face the dilemma of choosing a specific stock or opting for a broader approach like a semiconductor ETF. Yes you may lose out, but rather lose out than lose it all. It's like a pixie stick. For one I don't have the cash to buy 30k worth of stock so I can watch it go up 10 cents to dump it. IBWorking. GameOn Entertainment Technologies Inc. Let’s say the stock does indeed trade higher and is trading at $1. Net Income: Reported positive for the first time on a US GAAP basis. " Because it always goes tits down. Tobacco was the best of all. Playing the pennies is better than not, so long as your responsible. 9999999999% of penny stocks recommended on this subreddit just go down. Recently got on IZEA at . Third, put together an investing strategy by narrowing down the universe of stocks to a small corner of the business world that you hopefully know best and can commit to staying informed about and grow your acumen in. Operating Expenses: Grew to $35. Analysts predict their stock price to rise in the long run, hitting $2 before Christmas and $5 by mid-2024, making it an investment of value. 8 million in cash on their balance sheet Recently acquired new equipment that allows them to increase their productivity significantly Getting free shares and less profits is better than many shares and huge losses. Gross Margin: Rose to 95% in Q1 2024 from 82% in Q1 2023. If you don't sell out by close of 4pm, mark the stock down to break even. 175. v HYDTF. I have listened a lot to the founder of Vanguard (John Bogle), you can find many interviews with Again, I hope you all had a great long weekend and an excellent trading day yesterday! Let's jump into some of the TA for NMHI - I had an ultimate target of roughly ~$1. I'd avoid making investment decisions based on such emotions. Only those invested in 2010 got good return. The term “penny stocks” generally refers to low-priced (below $5), speculative securities of very small companies. ( NASDAQ: LKCO) Arca Biopharma Inc. 25 fee per contract, you are killing your optionality value. Second, the stock could move to $3. It would be a leap of the imagination to say that Reddit is always right, but the May 3, 2021 · First, the stock could hit $3, and an investor would sell 25% of their position. Currently holding MCOM. Another example is SBI, negative return in the last 10 years. If you want long term stocks I can help them to. . However, the free trades are nice, commissions can add up very fast on a direct access broker. Long term holding of pennies is generally bad. It earned a penny a share (GAAP). •. Sure. Mar 4, 2024 · One essential tip for building a long-term penny stocks portfolio is leveraging technology to gain insights. As of 2020, Iamgold reported proved Something could be going up short term but long term, it's going down and vice versa. If you are capable of forecasting what will be in demand for next 10-20 years I don't have a ton of money to invest so I've been going after some penny stocks trying to make a quick buck, but also want to be smart and get some long term investments. CEO ex Tesla employee and active on social media - Twitter and LinkedIn. Jeff Bezos. xg ex wk hj zg rl dj xt zj pj