5 penny stock swing trades

And LQMT insider buying

Jason Bond
November 22, 2023

Good morning,

Happy Thanksgiving! I’m grateful for you guys and gals.

The chat room is bustling with ideas as offices close and subscribers trade from home this week. Join us in the chat room or watch your APP for new trade ideas from the master penny stock watchlist.

As I pick up the pace of small-cap swing trades, I wanted to do a refresher on the biggest mistakes I’ve made when trading penny stocks. The lesson was recorded live on Saturday and is on-demand here. Stay tuned for more video lessons.

Markets are closed Thursday and open Friday but only until 1P E.

I’m in DDD, ANGI, PRPL, MRAI, and VERI swings. The goal is -3% stop losses and +5-20% profits.

And more good news last night for my long-term LQMT position.

CEO Chung filed a form 4 (insider buys) Tuesday night after scooping up about a million shares between $.049-$.064.

If you missed Tuesday morning’s update (yesterday), I’ve included it again.

LQMT went up 34% Monday and 13% Tuesday. There are a few catalysts driving it since the 10-K last week.

First, speculation that the ~$100,000 from the pinion gear prototype leads to production, an 8-K and favorable press release. This technology is a big deal and NASA is in the game. The market for pinion gears is huge and while it’s a long shot, Tesla’s new Cybertruck is a brand new technology. Li’s Eontec already makes Model X door-lock cases for Tesla. The Cybertruck launch will come and go, but the speculation of that pinion gear prototype going into production will remain and hopefully lead to a whale contract.

Second, the other big catalyst I see is Monday’s launch of the Evie Ring by Movano Health. Turns out orders started Monday and it’s made of Liquidmetal. This is likely to lead to an 8-K and favorable press release.

Movano has submitted the device for FDA medical clearance, passed the first milestone of the review process, and is now under full review by the FDA.

All three of these catalysts are very real and should continue to drive the stock because they could lead to favorable 8-K press releases in the coming months.

As I pointed out after the 10-K, there’s very little liquidity on the level II ask, meaning it shouldn’t take much for this to climb to $.10 soon.

Finally, the last catalyst is Li raising $15M recently. Some speculate he might soak up shares under $.10 and take full control of the company, and while I like the idea, it’s impossible to know what he plans to do with that cash. The above catalysts are very tangible.

Happy Thanksgiving.

Stop by the chat room and say hi.

Jay

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