The top penny stocks list this week includes both listed and OTCs. But my main focus is OTCs. There are so many plays right now. Every day there are amazing spikers or morning panic dip buys.
It’s a great training environment. Usually, we don’t see this much activity in the summer. But there’s a lot of trading — likely stimulus check funded — happening right now.
The important thing is to take advantage of the hot OTC summer market no matter where you are in your journey. If you’re already an experienced trader — use these hot plays to grow your account.
If you’re brand new to penny stocks, watch and study. Go through the 30-Day Bootcamp. If you’ve already been through it, do it again.
Here’s my list of penny stocks to watch this week…
Top Penny Stocks List: July 19, 2021
Again, I’m watching both listed and OTC stocks this week. I even traded a listed stock last week to try to get a feel for it. More about that in this week’s top tested trading tips.
These are the OTCs I’m watching this week…
The listed stocks I’m watching include my first listed trade in a while, Verb Technology Company Inc. (NASDAQ: VERB).
Check it out…
3 Penny Stocks to Watch This Week
These are the top penny stocks on my watchlist. They have some things in common — and there’s a lesson there.
Top Penny Stocks List #1: International Consolidated Companies, Inc. (OTCPK: INCC)
International Consolidated is a shell company. In the past, it claimed to invest in medical marijuana companies. Its most recent venture takes it into sound technology.
On July 15, the company announced a definitive agreement to acquire SoundTech AI (STAI).
STAI founder Andrew Denis said, “We’ve cracked the code on a brand-new music and sound experience as if the listener is hearing their favorite song for the very first time.”
INCC Chairman Antonio Uccello said, “As tech-entrepreneurs, our team was so impressed by the SoundTech AI’s Disruptive Audio Technology and the company’s accomplished tech, marketing, and creative management team, we immediately jumped into this culturally transformational venture!”
Read the full press release here.
Check out the INCC one-year chart…
INCC spiked an incredible 308% in the final 30 minutes of trading on July 14. On July 15, it gapped up, had a quick morning panic, and bounced. Then it dropped more than 50% off the morning high.
So why watch it? Two reasons…
First, to learn. I review one of my INCC trades below. There’s a lot to learn from how this stock trades. Second, the next stock on this list had a huge first green day, then a big red day, followed by another big first green day. Can INCC do the same?
I’ll watch INCC for potential dip buys into any big panic, ideally in the morning. And I’ll watch for any spikes, ideally with a news catalyst. A word of warning: INCC has a lot of bag holders from the massive tank on May 20. See my trade review below.
Top Penny Stocks List #2: Life Clips Inc. (OTCPK: LCLP)
Life Clips is another shell company with a vague description of fingers in many pies. The most recent venture … wait for it … cryptocurrency. You gotta love OTCs!
On July 14, Life Clips announced a definitive agreement to acquire the Belfrics Group.
Belfrics CEO Praveen Kumar said, “This is an exciting time for Belfrics. After many years of hard work building a global exchange for cryptocurrency and the most secured trading platform, it is time to spread our wings globally. The acquisition of Belfrics by Life Clips will help expand the reach of both our cryptocurrency platform and our blockchain solutions, which will create an impact worldwide.”
Life Clips CEO Robert Grinberg commented, “It has taken a tremendous amount of work to prepare Life Clips for this landmark moment. We are proud to have reached this milestone for our shareholders by becoming current and settling previous liabilities of the Company to the satisfaction of our acquisition candidate. […] We welcome Praveen and his team to our family and look forward to providing them with the resources to take their world class cryptocurrency exchange and platform to the next level.”
Read the full press release here.
Here’s the LCLP one-year chart…
LCLP had a crazy 2,300% run on July 14. Yes, you read that correctly. On July 15, it had a quick morning panic followed by a 126% spike. That happened in the first 19 minutes of trading. The rest of the day, it faded.
But on July 16, LCLP made a comeback and closed up 70% on the day.
I’m watching LCLP for potential dip buys into any big intraday panics. See details of my LCLP trades here.*
Top Penny Stocks List #3: World Oil Group Inc. (OTCPK: WOGI)
World Oil Group is a holding company focused on acquisitions in gold and fintech. Makes sense, right? Welcome to penny stocks.
WOGI spiked in April on news the company canceled 2.1 billion shares of common stock. In May, the company announced a new CEO. Last week, the company pre-announced two mining acquisitions with this tweet.
It also announced a name and ticker change to go into effect on July 19. Keep reading, because it’s crazy…
Check out the WOGI one-year chart…
Before I tell you what I’m watching for…
The company is changing its name to Moon Equity Holdings … in the era of “to the moon” Twitter pumps. Then, consider the new ticker … MONI. Twitter promoters are already saying “Let’s get the MONI.” Seriously, you can’t make this stuff up.
WOGI hit a 52-week high of $0.124 on Friday after a clean multi-week breakout. I’ll watch for potential dip buys into any big morning panic. Remember, ride the hype but NEVER believe it.
Now it’s time for the weekly…
This trade was my biggest percent win and biggest dollar win last week. It’s also another example of why I think it’s so important to use StocksToTrade’s Breaking News Chat.**
International Consolidated Companies, Inc. (OTCPK: INCC)
This trade happened so fast, I wouldn’t have made it without STT Breaking News Chat.** By the time I bought it, it was already up 100%. Some students wondered if I was chasing. In this case, I wasn’t. I’ll explain why, but first, check out the chart with my comments…
When I trade, it’s not just about price or pattern. There are seven indicators and you have to at least consider all seven.
Here’s why I was willing to buy a stock already up 100%…
- The press release was about revolutionary sound technology. Other stocks with similar news have spiked big in the past.
- The late-day news created massive volume.
- INCC is a former runner.
I chose not to hold it overnight for these reasons…
- I made 50% on this trade. That’s a best-case scenario with most trades.
- My personal schedule meant I might not be available at the market open to close my position the next day.
- It has a history of tanking fast.
You might remember this chart from May 20, 2021…
This is why…
It’s Important to Know Your History
This is one reason I say trading is a marathon and not a sprint. Learn the five key lessons from the INCC crash on May 20. When you read that post, pay particular attention to the last of the five key lessons.
Then go back up to the stocks to watch part of this post. INCC didn’t come back after that tank until July 15. And what made it come back? A press release filled with speculation and hype…
“Under the terms of the agreement, INCC will acquire all of the outstanding SoundTech AI shares for preferred X stock valued at $150 million.”
First, don’t trade penny stocks based on fundamentals. Also, NEVER invest long-term in these shady companies. INCC’s 2020 full-year financials show a gross profit of $3,000. Net income was negative $1.4 million.
Is STAI really worth $150 million? I won’t try to guess. But if it is … why isn’t a real company interested in buying it?
It’s speculation and hype dressed up in a press release.
Financial freedom happens in many different ways. Most millionaires have up to seven streams of income. So don’t limit yourself. Be open-minded, dedicated, and most importantly…
Don’t think about how much you can make day by day. Focus on learning what serves you best over time.
Never forget, I had my biggest loss eight years in because I didn’t learn risk management.
If you learn the consequences of not cutting losses quickly, trading illiquid stocks, or taking too big position sizes…
… within the first eight years…
You’re ahead of me.
So learn different strategies. Learn about morning panics, short selling, and first green days. Learn about trading Pokémon cards. Study crypto trading. No matter what, stick with it.
Also, be willing to follow…
This Week’s Top Tested Trading Tip
This week’s top tested trading tip is about testing.
If you’re not willing to test and/or practice then how can you expect to adapt to a shifting market?
Last Thursday I traded VERB. It’s the first listed stock I’ve traded in a while. So why did I trade it? It was a big winner with tons of promoters. It had dropped from its highs. And I wanted to practice dip-buying. It’s as simple as that.
My goal was small — 5%–10%. I didn’t even get that. It was a tiny 1.2% win for $260 in profit.*
The money you make or lose — especially in the beginning — isn’t nearly as important as the process. 20+ years into my trading career I still want to trade better.
Test, test, test.
Trading Mentor Q&A
This week’s student question comes from my Trading Challenge webinar on Friday. The question is specific to one stock on one day. But my answer applies to the mindset behind the question. Too many newbies want it to be an exact science.
“If you were to panic dip buy $LCLP today, what key levels would you be watching for the bounce?”
If you start thinking that way, it’s very dangerous. I’d be very careful about trying to plan your entry zones ahead of time.
Yes, other traders look at support and resistance. But look at how far it had come in two days. No matter how you slice it, you don’t want to be biased and say, “I need it to go to this price.”
Let the stock do what it wants and react. That’s one reason it’s so important to learn Level 2 with OTC panic dip buys.
Yes, have a trading plan. But understand it’s not an exact science. You MUST adapt and adjust. As for what to look for to determine the bottom…
I have 1,000+ video lessons on morning panics. Every play is slightly different. But if you watch the video lessons, study, and see it in real time again and again…
Eventually, you’ll feel more comfortable. It just takes time, experience, and risk management.
A student recently asked if it would be better to learn to find stocks “the harder way without STT for a few months.” To give the student credit, the reasoning was it would increase self-sufficiency.
But that’s a flawed mindset…
I often tell students to use me and what I teach as training wheels. After you use the training wheels and get comfortable, then you go out on your own.
StocksToTrade is an amazingly powerful scanning platform.** But the best thing about it is it has training wheels built-in. Yes, you can create custom scans. And in time you probably will. But the built-in scans are mine. They’re what I’ve been using for 20+ years.
And it’s designed for low-priced stocks.
Why would you want the frustration of trying to find big percent gainers and hunt down the news? Focus on the process while using training wheels. StocksToTrade has the news links, the scans, and all the information you need. Use it.
“Another Day, Another School Rebuilt”
Once you break free, there’s more to life than money. Giving back is my passion. And that’s why I’m so proud to see another school project with Partners Relief & Development ready to go…
Malaekat Al-Raqqa Kindergarten is now ready to serve 110 students from a neighborhood in this city of 700,000 people. #toloveistoact
— Partners Relief & Development (@PartnersRelief) July 15, 2021
Like and share that tweet. Follow Karmagawa on Instagram. Let’s use social media to make the world a better place.
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.
**Apply for the Trading Challenge Today**
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 Stock 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.
?? SUBSCRIBE to my NO-COST weekly stock watchlist here.
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!
*While Tim Sykes has enjoyed remarkable success trading stocks over the years, his primary income derives from the sale of financial education products and subscription services offered by various businesses and websites in which he has an ownership stake.
The level of successful trading discussed in this article is not typical and does not reflect the experience of the majority of individuals using the services and products offered on this website. From January 1, 2020, to December 31, 2020, typical users of the products and services offered by this website reported earning, on average, an estimated $49.91 in profit.
**Tim has a minority ownership stake in StockstoTrade.com.