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Breaking down today’s penny stock trades 📋

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Good evening,


The *** NEW *** Master Watchlist is now online with quotes. Bookmark that page, we'll be talking about these stocks a lot. If there are additions, they'd happen in the evening. 


Early on, bidding $.69 support, I missed the breakout on IMPP to the $.80's. I added this to the master watchlist above. 


Today I picked up ARHS, BTBT, INDO, MULN, REDU, and still hold long-term LQMT. Let's take a closer look at each open position, to connect the dots. Remember, pre-alerts go to JasonBondPicks a minimum of 10-minutes before I buy and I do the rest of my trades in the JasonBondPicks chat room.


A pre-alert went out on VINE but I opted to wait a few days to buy. I do play to get in that and WBEV very soon. I will not issue another pre-alert on VINE, consider it pending at this point. 


Portfolio analysis:


ARHS - Taken as a swing trade at $6.98, it faded into the close leaving me down about $.40 / share. I'm looking to sell this one around $8-$9 into a bounce. 



BTBT - Thinking bitcoin may have bottomed, I picked up shares at $3.70 today which leaves me up $.05 / share as I type. I do think this stock could hit $6-$7 from here so I'll be patient and go for that. 



INDO - This was my afternoon chat room gap trade at $7.30 off the trendline and it started off really nicely up $1 / share inside an hour, but it faded into the close leaving me down $.83 / share. Overnight I think this could gap to $9+ so I held, versus paying myself in the $8.50's. Ultimately, if this goes perfect, it breakouts above $9 and makes a move to $12.



MULN - Came up green on the scanner today in another sea of red, so I went with it at $.725. Currently, $.65 as I type, I stayed in the trade because I went small and am very interested to see if the company is telling the truth and do not know what's causing the drop. If that's true, a giant whipsaw could be looming here. Remember, I'm accustomed to a lot of risk and playing ugly charts and have found some of my best trades in turds like this.



REDU - In at $.91 as a day trade, looking for $1+, I thought it held close enough to the $1 range to stay with it overnight. 



LQMT - Averaged at $.107 on this long-term hold, I continue to hold a big position in this one looking for favorable news. The direct and indirect catalysts are Apple, Eontec, Tesla, and the upcoming CC where the CEO indicated he has an update for shareholders. Ultimately I think this will end with some big news that drives a lot of interest in the stock, at which time my patience will be rewarded. 


5 penny stocks under $7 for any market


My favorite 58 penny stocks right now -----> [bookmark this page]


Rinse and repeat!


Jason Bond

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