Penny stock swing trades

And big LQMT update

Good morning,

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Friday I alerted, then bought, 5 penny stocks to swing into Monday. Come Monday I alerted, then sold, 4 of the swings at 7% profit and 1 at 5% profit.

I went onto alert, then bought PRPL at $.80, VERI at $2.21 and SGN at $1.77. At any given time I will carry up to 7 swing trades.

Trade plans:

While Jason Bond Picks no longer focuses on long-term trade ideas, I wanted to provide an update on my long-term position in LQMT, which went up 34% Monday. 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. 

Both 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.

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.

Jay

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