r/pennystocks: A place to discuss penny stocks freely. Hundreds of new competitors have come into the market, offering all types of innovations. Ault also holds a grab bag of equity investments in privately-held and publicly-traded companies. Why? However, with penny stocks, focus can change very quickly from one day to the next. But, by consolidating independent media libraries, and building out a network of ad-supported streaming channels, it still stands to eventually become a profitable player on the fringes of the entertainment industry. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. On May 19, iconic growth investor Louis Navellier will reveal how his powerful quant-based stock system could accelerate your wealth and help fund your retirement. 7 Reddit Penny Stocks to Keep Your Eye on for Big Movement Shortages are popping up across the supply chain as the pandemic messes with the economy Dogecoin nears 75 ⦠Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016. Reddit Penny Stocks: 88 Energy Limited (EEENF) Source: Shutterstock 88 Energy is an Australian upstream oil and gas operations company. Reddit penny stocks are back! But, there’s a lot more going on here with this Reddit penny stock than just crypto mining. How Far Can Cardano (ADA) Rise? Investor interest in Reddit penny stocks (that is, penny stocks popular on platforms like r/WallStreetBets) may have peaked several months back. Sure, the hype around this news wound up to be unprofitable for those who bought the stock too late. On the date of publication, Thomas Niel held a long position in Bitcoin. These Reddit Penny Stocks Are Surging Today The attention that penny stocks on Reddit are receiving right now is unlike anything Iâve personally seen on social media in quite some time. More specifically, most of the stocks on Reddit are looked at by the mainstream as momentum-fueled runners that may or may not see lasting uptrends. Please keep in mind that this is an open forum, and advice from Reddit may not be in your best interest. What Did the Stock Market Do Today? However, with penny stocks, focus can change very quickly from one day to the next. As NFT mania takes a breather, shares have pulled back. While the Reddit ⦠This was a meme stock itself last winter, when it rallied from under $2 per share, up to as much as $10.94 per share. But, bad optics like this may hurt its prospects of getting such approval. threads on the main sub are BANNED. Images MUST be penny stock related. Posting requires 100 karma and 10 days on Reddit, commenting will require 10 days and 10 karma. Hot Penny Stocks To Add To Your Watch List This Week One of the more popular outlets for a conversation about penny stocks has been Reddit this ⦠While speculation accounts for a large portion of the volatility we see with penny stocks, it is not the whole story. The Best ‘Green Coins’ to Buy. American Resources’ rare earth venture is still in its early stages. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Not bad, considering it now has zero debt, and a $282 million market capitalization. All rights reserved. Penny Stocks & Dogecoin Explode As Reddit Traders Look To Buy More Bank of Brazil Becomes the First State-Backed Bank to Allow Customers Exposure to a Crypto ETF â Finance Bitcoin News Bitcoin, Ethereum Slide on Turkish Ban, Dogecoin Goes Ballistic, Up 500%+ in a Week The registered members can publish their content in the form of text posts, links, images, and other forms. To top it all off, this reverse merger deal may be priced in favor of existing owners of SPRT stock. Yet, even short-lived success with the product could pay off in the long-run for Precipio. Sure, although it went parabolic on news of the deal, investors have since taken the money and run. Yet, while interest has faded, the trend itself has not disappeared. Also, if Bitcoin crashes, the bull case for this stock, along with the other crypto mining plays, will take a serious hit. It’s complicated. The company is in the process of merging with privately-held Bitcoin miner Greenidge Generation Holdings. Use r/CryptoMarkets. Copyright © Penny Stocks Continue to Grow Amidst the Reddit and DogeCoin Influence The influx of retail traders over the past year has helped to push penny stocks to new highs. If its makes a decent profit during the brief window rapid Covid-19 antibody tests are in demand, it could use the cash to help fuel the further development of the rest of its diagnostic products pipeline. So I have strong evidence to suggest that hedgies are pumping & dumping penny stocks to keep a ⦠But, with ownership of its own electrical power source, it may have an edge over the better-known crypto mining plays such as Marathon Digital (NASDAQ:MARA) and Riot Blockchain (NASDAQ:RIOT). But, one area, in particular, theyâve found ⦠Penny stocks Reddit Reddit is an American social news platform including rating, discussion, and comments. But, one area, in particular, theyâve found many of ⦠No memes or gain/loss posts except on Saturday. Promoting ANY services, newsletters, or social media, is forbidden unless mod approved. It may take years for this business to break out, but long-term investors may find this one appealing. Now, it’s likely going to burn through much of its cash hoard, given its plans to scale into a major e-commerce apparel retailer. r/Pennystock: Discussions for all the Penny Stock Needs. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Put it all together, and it’s easy to see why Reddit investors went wild for AREC stock earlier this year. Please keep in mind that this is an open forum, and advice from Reddit may not be in your ⦠Before February I was ⦠The next aspect to consider is the fundamentals. Investor interest in Reddit penny stocks (that is, penny stocks popular on platforms like r/WallStreetBets) may have peaked several months back. Only pennystocks are allowed. Yet, for those looking for stocks with exposure to this alternative asset class, a name like Support.com may be the best way to play it. At the very least, it could wind up being a great bolt-on acquisition target for a larger independent media company. https://discord.gg/pennystocks. I don't know... A place to discuss penny stocks freely. It primarily operates in ⦠Read More: Penny Stocks — How to Profit Without Getting Scammed. What is Ault Global Holdings? Low-effort, BROKER QUESTIONS, lack of DD, buy or sell?, thoughts? ), summarize content in the BODY of the Reddit post. But, in the case of some of these names popular with the Reddit set, they may be onto something. Dedicated to all London Stock Exchange's Main Market and AIM listed stocks. This is not to say that they ever left. However, since then, shares have taken a massive dive, and now trade at around $1.27 per share. You may know of it mainly from its dabbling in the Bitcoin (CCC:BTC-USD) mining space, which it’s getting back into, after getting out of it prior to the recent bubble. The overall decline of “meme stocks” may have been the main driver. 7 Cryptocurrencies Under $2 That Could Be The Next Bitcoin, Ripple Crypto News: The May 21 Date That XRP Investors Need to Know, Cardano (ADA) Price Predictions: Why ADA Just Hit a Record High Despite Today’s Crypto Crash, Welcome to the Doge Pack: The Alaska Inu (LAS) Crypto Is Soaring 400% Today. After failing to secure emergency use authorization (EUA) for Covid-related use of Mytesi, Jaguar more than tripled its per-bottle price. Naked Brand Group isn’t going into crypto. 2021 InvestorPlace Media, LLC. As you likely know, NAKD stock became one of the hottest of the Reddit penny stocks back in January, when the company announced plans to ⦠According GTE SEC form 4 filed today, management bought over $1.9 million in shares in ⦠Cinedigm may not be a household name. Press J to jump to the feed. It is safe to say that not all Reddit penny stocks come with a stamp of approval from Wall Street. But then theirs also plays that catch my radar alterted by reddit and fintwit (which are arguably full of pumpers) that I end up seeing they are up 20,30,40% and say "I don't want another GGII I will join in here" only for it to tank -30% the next day :((((((. 1125 N. Charles St, Baltimore, MD 21201. Retail speculation in âmeme stocksâ is out and dabbling in cryptocurrencies is in. As you likely know, NAKD stock became one of the hottest of the Reddit penny stocks back in January, when the company announced plans to divest its unprofitable physical store locations, and double-down on its online retail unit. Copyright © 2021 InvestorPlace Media, LLC. Reddit Penny Stocks Can Be High-Flyers But Are They Worth The Risk Itâs no secret that 2021 has been the Year of Reddit Penny Stocks. How You Could Double Your Money at Least 6 TIMES This Year. Penny stocks across all sectors have been popular with investors active on Redditâs r/WallStreetBets subreddit. But the commercial-stage ⦠But, this purveyor of intimate apparel is jumping on another megatrend, e-commerce. Finding penny stocks on Reddit can be a great strategy, but investors need to make sure to do their own research. Sundial Growers (SNDL) Pot stocks in general have performed well so far this year, on the heels of ⦠1.1k However, as the hype has faded, shares have given back almost all of their gains, and are currently changing hands for around $3 per share. Popular Penny Stocks On Reddit While r/PennyStocks isn't the only sub that discusses penny stocks, it is one of the larger ones. When youâre talking about penny stocks on Reddit, for example, emotions are part of the fabric moving markets. This isn’t r/wallstreetbets. Yet, if you’re just discovering this stock now, taking a chance on this high-risk play with big plans could pay off down the road. This sell-off may have been tough on those who bought near the top. However, Synchronoss Technologies is a little different. 1125 N. Charles St, Baltimore, MD 21201. Reddit is a popular social sharing site that contains everything from news to In the past several years, tech penny stocks have been on a rampage. Not only that, with Support.com’s legacy net operating losses (NOL), the combined company may be able to shelter much of its potential Bitcoin mining profits from taxation. Last month, I made the case why this company, currently a provider of outsourced customer support services, could end up being one of the best crypto mining plays out there. However, over the long-term, the expansion of its streaming unit is what’s going to give the stock the most runway. Yet, while interest has ⦠That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. The stock trades for around $1.30 per share today. Their plans may not be guaranteed to pan out. Penny stocks across all sectors have been popular with investors active on Redditâs r/WallStreetBets subreddit. Quotient Ltd. But, through M&A and partnership deals, it’s slowly becoming a major name in the content streaming space. So how do I determine multi day runners vs short pumps that last for only a day? But, as InvestorPlace’s Tom Taulli discussed last month, its exposure to the rare earth metals trend may be the main attraction. The reason? But, following its collapse, taking a gamble on it now may be a long-shot that winds up paying off. Source: Spyro the Dragon/Shutterstock.com, 7 Reddit Penny Stocks With Interesting Plans, Penny Stocks — How to Profit Without Getting Scammed, network of ad-supported streaming channels, exposure to the NFT (non-fungible token) trend, became one of the hottest “meme stocks” around, accused the company of price gouging with Mytesi, divest its unprofitable physical store locations, one of the best crypto mining plays out there, 7 Dividend Stocks to Avoid in Your Retirement Portfolio, Louis Navellier and the InvestorPlace Research Staff. But, those getting in today may be doing so at a favorable entry point. r/RobinHoodPennyStocks: Penny stocks available to trade in the RobinHood mobile stock trading app. But, if it manages to overcome the bad press, could Mytesi be approved for long-haul Covid use? With penny stocks, Reddit has taken this a step further. Whats yall though on using price action in the form of volume to determine the multi day runners from the short pumps? quotes delayed at least 15 minutes, all others at least 20 minutes. Briefly hitting prices above $3 per share, Naked stock has since cratered back to literal pennies (around 55 cents per share). Treat each other with respect and avoid cuss words towards others or face perma-ban unless appealed. In short, right now things look like they’re taking a turn for the worse. Theirs price action in terms of volume and this one might be it tbh, I feel like if volume dies out the next day then prob price goes down?! Speculation over this sent the stock on a ten-fold run from mid-December to early-January. Reddit penny stocks are back! The stock may be fast headed back to sub-$1 per share price levels. Reddit Penny Stocks In 2021 The story of starting small and making it big is ages old. TL;DR - Hedge funds are manipulating penny stocks by exploiting the OTC market and using a pump and dump strategy to raise funds in their war against us. Penny stocks across all sectors have been popular with investors active on Redditâs r/WallStreetBets subreddit. The recent hype seen for Reddit penny stocks may not be coming back. You may not have heard of Greenidge. So far this year, investors have been more hyped up about its exposure to the NFT (non-fungible token) trend. Speculators online continue to chatter about which “hot stocks” are about to make massive moves higher. If youâve traded for a while, youâve seen pockets of excitement take over Facebook discussion forums, and Twitter feeds here and there. The product is still in the running for regular FDA (Food and Drug Administration) approval. Pennystocks are defined as any stock under $5. But, after it settles down a bit, this under-the-radar name in the healthcare space with interesting plans could still make for a decent opportunity for more risk-hungry investors. Reddit Penny Stocks In 2021 The story of starting small and making it big is ages old. The hype has since left the room. But, if they do, it could result in big returns for those buying these names (many of which have pulled back significantly) today. If we see a dramatic decrease in cases, and the path back to the “old normal” accelerates, demand for this product may quickly evaporate. Press J to jump to the feed. Less than a month ago, PRPO stock was trading for less than $2 per share. I love to use support and resistance lines but again in otc I don't think its respected, atleast for the daily time period its not, maybe shorter time periods it is? Nor is it, all of a sudden, becoming a biotech company developing treatments/vaccines for Covid-19. Sure, this company isn’t going to give “big media” powerhouses like Disney (NYSE:DIS) and Viacom (NASDAQ:VIAC) a run for their money anytime soon. 3 Big Stories to Catch Up On. Even before the peak of meme/Reddit stock mania, JAGX stock was a name hyped up extensively online. Yet, with recent news of its rapid Covid-19 test becoming available for use, shares in this medical products company have zoomed to near what’s considered the top range for penny stocks ($5 per share). While finding penny stocks on Reddit ⦠The interesting plans of these seven Reddit penny stocks could pay off in a big way, if they pan out down the road. Someone told me "PRICE ACTION" but that's such a general term... Theirs price action in terms of support and resistance, but we all know that shi don't work in OTC. On top of this is the projected long-term growth in the use of metallurgical carbon. This may indicate that this deal won’t play out as well as it seems on paper. He did not (either directly or indirectly) hold any positions in the securities mentioned in this article. Also any articles, videos, books on technical analysis using volume? Most of the Reddit penny stocks from earlier in the year have cooled off. Many of the OTC penny stocks on Reddit carry more risk than the main listed counterparts. Unfortunately, the company sold off most of its stake in March, well before BTX stock became one of the hottest “meme stocks” around. Broader markets have chugged higher. All rights reserved. This is not to say that they ever left. Article printed from InvestorPlace Media, https://investorplace.com/2021/05/7-reddit-penny-stocks-interesting-plans/. But, with heavy pessimism priced-in, downside if its ambitions fail to pan out may be minimal, compared to the potential gains in its stock price if the digital transformation succeeds. The company’s main units include Gresham Worldwide (aerospace/defense technology), and Coolysis Technologies (power products). But the This, along with the Reddit-penny-stocks trend, helped send shares soaring in the first two months of 2021. Yet, some recent hot water the company has gotten into likely hasn’t helped. While finding penny stocks on ⦠As a result, it’s now sitting on as much as $270 million. Or, become something private-equity snaps up, in an attempt to roll-up small and mid-sized streaming companies. The company’s main businesses are involved in metals recycling and metallurgical carbon.