How'd you end up today? I'm verrry happy to take my +$1k days on $SOBR $CNNA as while the $DIA $SPY $QQQ look to have bottomed (for now), I'm still in a safety first mindset & trading small/cowardly suits me just fine! And I'm trading from Bali this week, are new schools opening! This sub-penny stock came out of nowhere last month and spiked on news that it would be acquired … My third Reddit penny stock pick is Cann American Corp. I paid careful attention to the Level 2 data in my recent small win. LTMAY’s run isn’t the first time penny stocks have acted irrationally. This yields a more reasonable valuation for the company of around $5 billion. At the time of writing, LATAM shares on the Santiago Stock Exchange are worth about $0.0065.LATAM is the biggest airline in South America.The OTC price of around $0.70 is out of step with LATAM’s stock price on its home exchange - by about 10,000%! With the deluge of new shares, this puts LATAM’s implied market cap higher than $300 billion … It even avoided a big pilot strike minutes before the deadline.Ī November 15 shareholder meeting should confirm a 99% share dilution. It exited Chapter 11 bankruptcy, and its pandemic rate of quarterly losses is down. It’s had good news over the past few months. This South American airline stock has been trending up for the past month - by about 650%! My second Reddit penny stock pick is LTMAY. Have a plan to take profits - and an exit strategy if your risk breaks! #2: LATAM Airlines Group S.A. This stock is fairly illiquid, so I’m trading it safely. But sub-par Q3 earnings only affected MMAT, not MMTLP. MMAT’s chart has been following MMTLP for the most part.What’s funny is these pumpers actually have the brainless confidence to say that MMTLP’s current shareholders “ have vowed” to buy MMAT stock when that happens! MMTLP shares will be converted into shares in MMAT’s Next Bridge Hydrocarbons oil and gas spinoff once that plays out.I’ve been trading intraday panics for a total gain of $860 over the past month. My Challenge students can watch this webinar to see why I think MMTLP might break through resistance … Now they’re once again knocking on $7.50–7.60 multi-day resistance levels.
These preferred shares of MMTLP came out of nowhere in October, posting 350% gains through the month. Its promoters are working overtime …Ĭool to see $MMTLP fit the pattern sooooooo well this morning. If you’ve seen this name before, it’s because MMTLP is still my top watch. My first Reddit penny stock pick is Meta Materials Inc. When the right opportunity strikes, you want to be watching. These are the top 5 Reddit penny stocks to watch in November 2022 …Īll of them have potential. Best Reddit Penny Stocks for November 2022 Keep your eyes open, these are your targets. I’m just watching the stocks on this list. Glorious morning for me +$10k on dip buys on $OZSC $SNPW $BMIX but I missed $AMLM $BBRW $AITX and I'm far prouder of students turned masters who's made $40k+ & who is +$26k today so far, what a market, study up & CAPITALIZE! The same patterns that built my $7.4 million in lifetime earnings. Patterns like the ones I’ve been teaching for a decade now … You have to learn the right patterns to trade them with. It isn’t by falling in love with these tickers … I teach my Challenge students the right way to play the penny stock game. Is it because Reddit traders don’t have the sway they once had? Or maybe they’re just getting smarter … (NASDAQ: BBBY) and Blue Apron Holdings Inc. The market has been trending up in the past month …īut Reddit penny stock favorites like Bed Bath & Beyond Inc. My top 5 Reddit penny stocks to watch for November are: These are the penny stocks they’re eyeing right now … 5 Reddit Penny Stocks to Watch the Week of November 14 If they focused on penny stocks, more of the small-time traders on Reddit forums would be able to participate. It showed them that they could organize and drive the price of ANY stock up. This was a formative experience for Reddit traders. LOL HILARIOUSSSSSS $GME #wallstreetbets #gamestonk #RedditTrading #GameStop The epic GameStop short squeeze was one time they got it wrong. Wall Street types usually assume that penny stocks are garbage. The other factor was the INSANE short interest in this stock. That’s part of what drew Reddit attention to this stock. It isn’t a penny stock anymore, but check out its chart in 2020 …Įven when you factor in its 4-for-1 split, GME was under $5 as recently as August 2020. The most famous Reddit-related former penny stock is GameStop Corp.
This is why they’re great for building small accounts, and why Reddit traders are interested in trading them. Penny stocks are also known for their high volatility. Penny stocks are stocks which trade under $5 per share. According to Reddit, these are the top penny stocks to trade.
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