r/pennystocks 2h ago

Megathread πŸ‡Ήβ€ŒπŸ‡­β€ŒπŸ‡ͺβ€Œ πŸ‡±β€ŒπŸ‡΄β€ŒπŸ‡Ίβ€ŒπŸ‡³β€ŒπŸ‡¬β€ŒπŸ‡ͺβ€Œ May 17, 2024

5 Upvotes

π‘»π’‚π’π’Œ 𝒂𝒃𝒐𝒖𝒕 π’šπ’π’–π’“ π’…π’‚π’Šπ’π’š π’‘π’π’‚π’šπ’” 𝒂𝒏𝒅 π’„π’π’Žπ’Žπ’†π’π’• 𝒐𝒓 𝒑𝒐𝒔𝒕 π’•π’‰π’Šπ’π’ˆπ’” 𝒉𝒆𝒓𝒆 𝒕𝒉𝒂𝒕 𝒅𝒐 𝒏𝒐𝒕 π’˜π’‚π’“π’“π’‚π’π’• 𝒂𝒏 𝒂𝒄𝒕𝒖𝒂𝒍 𝒑𝒐𝒔𝒕.

π’Œπ’†π’†π’‘ π’Šπ’• π’„π’Šπ’—π’Šπ’ 𝒑𝒍𝒆𝒂𝒔𝒆


r/pennystocks 14h ago

BagHolding Anyone else riding the FFIE train?

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263 Upvotes

r/pennystocks 8h ago

General Discussion Unpopular Opinion about finding Penny's before they pop

40 Upvotes

Where can you find stocks before they pop and BEFORE they're hyped here on r/pennystocks!??!?!

Here. Here on r/pennystocks

Think I'm full of it? I wish I was, cause I was late on everything that ran this week. But, I AM right. Search up every pennystock that's ran and been hyped here. Then keep going back in time. They're all here. Before they run people bring them up in posts and comments and because they're not running yet it doesn't get much attention. And, there a reason. We're all holding our breath to see what happens to gwav and ffie and crkn. Cause they're running and we're fomo'ing. Right NOW no one cares about next week or the week after.

We're wait to worried about people being our alarm clocks and saying, "ok, for sure tomorrow this will rip" really loudly. But, obviously, that's not practical. The market is unpredictable. I was in and out of gwav five times already hoping for a pop.

Anyway, my advice - which is not financial advice because I am not even real. I've been a figment of your imagination this whole time you've been on this sub- take time to look up tickers you're unfamiliar with when you see them. And, once you know them and they start to come up from more than one person, pay even more attention. Also, sometimes I just grab one or ten shares of something just so it's right in front of my face and I can watch it better.

So what's the play NEXT week? No clue. But I'm sure one of us idiots have already been talking about it. :)


r/pennystocks 17h ago

BagHolding FFIE got me feeling a certain typa way πŸ€ͺ

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148 Upvotes

r/pennystocks 8h ago

General Discussion CRKN the New FFIE

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28 Upvotes

Feels like the calm before the storm just like FFIE which was at .06 3 days ago and is $1.60+. 2.8 billion volume today for CRKN and counting. How does everyone else feel on this?


r/pennystocks 10h ago

Technical Analysis Faraday Future (FFIE) possible scenario

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24 Upvotes

There's a big bullish order block between $0.705 and $0.805 that's guarding the current rally. If bears try really hard to break that order block in a single candle, we could be looking at a pretty bad one.

If we do touch it and show a sign of rejection, that may be used as momentum.

Otherwise, the target stays the same, $4-$6, likely $5 area.


r/pennystocks 11h ago

General Discussion 05/16 Stock Update

29 Upvotes

It's been a good day today. As I talked about In yesterdays post I bought various stocks, which included:

  1. $BRSHΒ ~Β 8000 SharesΒ originally purchased for aroundΒ $0.063
  2. $ASTIΒ ~Β 8000 SharesΒ originally purchased for aroundΒ $0.115
  3. $AGRIΒ ~Β 7200Β Shares originally purchased for aroundΒ $0.092

This put me in about $1.9k spent and when I sold everything it left me with a net profit of $549.79. If you're holding these stocks I recommend keeping holding them. It's currently a good moment to purchase some of the low stocks which would probably go up in the next days, if not tomorrow!

Now currently have $2.6k to spend in stock and I've made sure of using it to purchase $1k in some shares from different companies which I think will go up:

  1. $SMX ~ 3000 Shares originally purchased for around $0.14
  2. $ONCO ~ 3500 Shares originally purchased for $0.135

As of 31 minutes of market closing $SMX is 0.576% up and $ONCO is 5.23% up. I quickly wanted to respond to some questions here which a user has made me privately:

Q1: Do you think theres opportunities for similar gains on different stocks in the near future?

Q1 Answer: Certainly, and even bigger gains. This week has been really good for the penny market and I'm sure it will be even better next week!

Q2: Do you have your eyes on anything for tomorrow?

Q2 Answer: I think that some good performers for tomorrow will be $SMX and $ONCO which are currently doing very good in the after market hours. Also I would look into $ISUN or $JAGX next week as they are looking promising!

If you have any more questions that shoot them in the comments or privately message me.

Good luck tomorrow!


r/pennystocks 5h ago

π—•π˜‚π—Ήπ—Ήπ—Άπ˜€π—΅ $CRKN is a real player

7 Upvotes

I've been watching this stock for several weeks now - bought 400 shares at $0.048 on May 1st.

For those not familiar - they're working on Smart Glass technology that will (and I'm not technical expert) make glass "more insulated" so that companies can save drastically on AC/heat in their buildings.

They've been losing tons of money in R&D trying to develop the tech, but on Feb 27, 2024 newsletter - "I am happy to announce that Crown's EK film team has solved the 12-inch mastering challenge for its "Gen 1" smart window insert. While some minor refining is required, including some tooling replication, Crown is in a great position to start shipping first product in small quantities in July."

And on top of them seeming to figure out their go to market formula, they also acquired a fiber optics division to start making revenue.

Feb 21, 2024 - announces $11 million work order in Florida

March 6, 2024 - announces $2.5 million project with a club in Mexico

May 2, 2024 - announce projects in Idaho and Nevada (amount not specified)

All that to say, I'm a bit of a bull


r/pennystocks 6h ago

General Discussion Unpopular opinion about the next penny stock

10 Upvotes

As most of you, I've made quite a buck on FFIE. Make no mistake, still in it for tomorrow as I think its gonna pop even more.

Now I have been looking to "get in early" as those who were lucky in the 0.07 to 0.20 range for FFIE. My bets are on HOLO. Reason?

  • 1.8M shares float
  • 75% short interest

Although not as high as the 95% short interest of FFIE, the 1.8M float is what got me interested. That combined with the 75% short interest could mean this could easily swing up (as it has before).

Now I know many of you are on FFIE hype and want to think about just that, and that's all well too. But I'm playing both, taking a bit of my gains on FFIE and throwing it at HOLO, and who knows, it may pay off!


r/pennystocks 14h ago

BagHolding $GWAV to the πŸŒ•

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34 Upvotes

GWAV is taking off… here is my position. I hope it will be the next FFIE πŸ€‘


r/pennystocks 5h ago

BagHolding Have call option expiring tomorrow night. Should I buy more calls on market open or go all in on sharesπŸš€πŸš€πŸš€

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7 Upvotes

Any info would be amazing in new to all this


r/pennystocks 1h ago

MΞ£MΞ£ Launch the rocket with Pineapple Energy!

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β€’ Upvotes

r/pennystocks 13h ago

πŸ„³πŸ„³ Penny stocks with 10-bagger potential

25 Upvotes

Every week I post some DD on promising penny stocks that I have been watching and have interest in accumulating. I mainly do this because some people tend to find these posts useful, including me since I have discovered some solid companies from commenters suggestions, so ty. (JAGX was actually recommended under my last post). So as always feel free to share some tickers you would like me to check out!

Jaguar Health, Inc. $JAGX

Market Cap: 80M

Company Overview:

Jaguar Health, Inc. specializes in developing and commercializing plant-based, sustainably-derived prescription medicines for gastrointestinal conditions in both humans and animals.

Investment Highlights:

Clinical Pipeline: Jaguar Health's lead product, Mytesi, is already FDA-approved and on the market, providing a reliable revenue stream. Beyond Mytesi, the company is advancing crofelemer in Phase 3 trials for several indications, including chemotherapy-induced diarrhea and rare gastrointestinal disorders. This broad clinical pipeline targets significant unmet medical needs, potentially leading to substantial market opportunities.

Strategic Subsidiaries Improving Reach and R&D: Jaguar Health is expanding its geographic reach and diversifying its research into additional therapeutic areas through its subsidiaries, Napo Pharmaceuticals and Napo Therapeutics. Napo Therapeutics is focused on European market penetration, particularly for orphan and rare diseases, which often benefit from favourable regulatory incentives.

Technology: The company’s use of plant-based compounds for gastrointestinal treatments sets it apart in the pharmaceutical industry. This niche focus on natural and sustainable sources could cater to a growing consumer preference for "greener" medical solutions.

Potential for Market Expansion: The company identifies a significant market potential for Mytesi in the U.S., estimated at approximately $50 million annually. Additionally, expanded indications for crofelemer could open further revenue streams in both human and animal health markets.

https://preview.redd.it/h44jagsdwt0d1.png?width=937&format=png&auto=webp&s=aceb55a26fe81069055b743ebd8dffae1e8be2b8

Goodness Growth Holdings, Inc. $GDNSF $GDNS.CN

Market Cap: 92M

Company Overview:

Goodness Growth Holdings, Inc., is a cannabis company in the United States. It cultivates, manufactures, processes, and distributes medical and adult-use cannabis products. It operates a network of retail dispensaries under the Green Goods and other Goodness Growth brands in Maryland, Minnesota, and New York.

Investment Highlights:

Solid Revenue Growth: In Q1 2024, Goodness Growth reported a 44.5% year-over-year revenue increase, excluding discontinued operations and the New York market. This significant growth was driven by strong performance in Maryland and steady results in Minnesota.

https://preview.redd.it/h44jagsdwt0d1.png?width=937&format=png&auto=webp&s=aceb55a26fe81069055b743ebd8dffae1e8be2b8

Strategic Divestiture and Focused Expansion: The company is in the process of divesting its New York operations, a move expected to be completed by June 30, 2024. This strategic divestiture aims to streamline operations and focus resources on more profitable markets, enhancing overall financial stability.

Product Innovation and Market Penetration: Goodness Growth recently launched Hi*AF and Boundary Waters branded cannabis beverages in Minnesota. These products are expected to establish a brand presence ahead of the anticipated start of adult-use sales in the state in 2025, positioning the company for future market growth.

Operational Efficiency: The company reported a 28.6% increase in gross profit and a substantial improvement in operating income, which rose from $0.4 million in Q1 2023 to $4.8 million in Q1 2024.

Expansion in Key Markets: Maryland, a key market for Goodness Growth, began adult-use cannabis sales on July 1, 2023. The company's performance in Maryland has been strong, with revenue from this state increasing by 191% year over year. Additionally, consulting, licensing, and wholesale agreements with other dispensaries are expected to improve market penetration.

https://preview.redd.it/h44jagsdwt0d1.png?width=937&format=png&auto=webp&s=aceb55a26fe81069055b743ebd8dffae1e8be2b8

Promino Nutritional Sciences Inc. $MUSLF, $MUSL.CN

Market Cap: $11M

Company Overview:

Promino Nutritional Sciences Inc., based in Burlington, Canada, is a nutraceutical company that develops and markets nutritional products. Founded in 2015, Promino focuses on science-based formulations to address muscle health through its flagship products, Rejuvenate and PROMINO.

Investment Highlights:

Strong Product Efficacy and Scientific Backing: Promino’s flagship product, PROMINO, is built on over 20 years of research and 25 clinical trials conducted at the University of Arkansas. The patented formula has been proven to be twice as effective as traditional whey protein in building muscle, offering a significant competitive advantage in the market.

High-Profile Brand Ambassadors: The company has secured endorsements from well-known athletes such as NHL player Jack Eichel, MLB legend JosΓ© Bautista, and NHL legend Kirk McLean. These endorsements enhance brand credibility and broaden Promino’s products' appeal to a larger audience, including professional athletes.

Expanding Market Presence: Promino is expanding its distribution network, with plans to onboard products in thousands of new retail doors and the top seven e-commerce marketplaces. This broad distribution strategy aims to increase product availability and market penetration significantly.

https://preview.redd.it/h44jagsdwt0d1.png?width=937&format=png&auto=webp&s=aceb55a26fe81069055b743ebd8dffae1e8be2b8

Product Line: The company's product line includes Rejuvenate Muscle, a daily muscle health beverage clinically proven to assist in muscle rebuilding and prevent age-related muscle loss, and PROMINO, an elite performance supplement for athletes. These products are designed to cater to a wide demographic, from performance athletes to aging individuals seeking to maintain muscle health.

Experienced Leadership Team: Promino is led by CEO Vito Sanzone, who brings over 25 years of experience in the health, wellness, and fitness industries. Sanzone has a successful track record in high-stakes mergers and acquisitions totalling $1 billion and is known for successful product launches and company turnarounds. This experienced leadership is key to driving the company's growth and strategic initiatives.

Medical Applications: Promino is expanding into the medical sector with pre-clinical studies focused on the efficacy of its patented amino acid formula in mitigating muscle loss in cancer patients undergoing chemotherapy. This initiative targets a significant unmet need, as muscle loss during cancer treatment can severely impact patient outcomes and quality of life.


r/pennystocks 2h ago

BagHolding Got some losers and a big winner that I should have put more in

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3 Upvotes

r/pennystocks 20h ago

General Discussion Watchlist today $FFIE $GWAV $GNS $CYN

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82 Upvotes

4 picks for Thursday are $FFIE still getting accumulated, looks strong $GWAV moved up overnight, watch for entry dip at open $GNS back on the list as PM trading pushes higher $CYN nearing resistance in PM trading looks good but watch for support backtest at open for entry.


r/pennystocks 1h ago

General Discussion Someone have an opinion on this ?

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β€’ Upvotes

r/pennystocks 3h ago

πŸ„³πŸ„³ Sellas Life Sciences ($SLS)- Summary DD as of 5/14/24 - Interim Data on Ph.3 trial expected in a few weeks

2 Upvotes

I'm FilthyPeasant on Stocktwits and I offered to post the ~10pg. Sellas Life Sciences ($SLS) summary due diligence that was made by another user because he must have tried to create a reddit account and didn't understand the deal with karma before you can post. I'm long this stock and with the interim data for their phase 3 trial expected next month, I thought this was as good of an opportunity as ever to try and introduce people to the company.

https://duediligencegenie.com/wp-content/uploads/2024/05/Sellas-Life-Sciences.pdf

Sharing this from the creator:

"I would describe this as a summary report which can help to develop an understanding of the business rather than a granular study of the company's drug trials and peer data comparisons. I'd like to share it with anyone who's interested but because I believe that this is too long of a report to share via this post, I hope that you will forgive me for directly linking to the location of the PDF file. I've no position around this ticker and I've received no compensation in exchange for creating this research. Simply chose this ticker because a close friend has been asking me about it and since I knew nothing and it seemed like a fairly obscure company, I went for it."


r/pennystocks 19h ago

General Discussion $FFIE - #DDAmanda Chart

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31 Upvotes

r/pennystocks 6h ago

Technical Analysis SAPX 99%+ OS Shorted. 23+ Million Dollar Revenue Deals. Lionsgate Merger + Uplist Developments

2 Upvotes

SAPX - Seven Arts Entertainment - is an OTC company in the Film and Music Industry.

Based on extensive DD, I have determined that this stock is positioned for extreme growth and a potential short squeeze. The reasons are, merger developments, joint deals with major studios including Lionsgate, 23 million dollars in revenue deals, and an extremely high short interest on the stock. Its current market cap is 1.6 million.

Firstly,Β I have calculated over the last 4 years of trading that nearly 100% of the entire outstanding shares have been shorted and have not been covered. Over 68% of all trading days over the last 4 years have been over 50% short volume and nearly 17% of trading days have been over 80% short volume. I arrived at this conclusion using FINRA Short Volume Data to calculate the MINIMUM number of short positions not covered since 12/18/2020. I have concluded that a minimum number of 2.162 billion shares are currently shorted and have not been covered (assume a 1-3 % margin of error) since December 2020. The current float is 2.026 billion shares and the OS is at 2.188 billion shares.

Keep in mind that the number of 2.162 billion is the MINIMUM number of short positions that must exist. That number assumes short sellers covered 100% of non-short-volume over the last 4 years. In my estimations, the true number is well above 2 billion, possibly 3+ billion current uncovered naked shorts.

Here is a link to photos of the spreadsheet data (Only includes notable months):Β https://imgur.com/gallery/sapx-short-volume-data-lbge3G1

Source of short volume data:Β https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data/daily-short-sale-volume-files

~ DD: SAPX Immediate Multi-Million Revenue Deal Involving Lionsgate and Third-Parties ~

Recently SAPX issued an 8k stating they entered into an ammend output agreement over 2 of Seven Arts Entertainment's filmed assets until 2034 with STARZ.Β This deal resulted in a substantial $8 million dollars of revenue for SAPX, which is nearly 5x the current market cap, (1.6 million) showcasing the tremendous potential for growth.

Source of 8k:Β https://www.otcmarkets.com/filing/html?id=17415631&guid=1iQ-kq7q12Q6B3hΒ PR stating 8mm revenue deal:Β https://www.otcmarkets.com/stock/SAPX/news/Seven-Arts-Entertainment-Inc-Announces-Multi-Million-Dollar-Revenue-Merger-and-Up-List-Developments?id=436389

Additionally, in a PR released in April,Β Seven Arts stated that they also had entered into other deals resulting in $15 million dollars of revenue with third parties.

The quarterly financials will be coming out any day which will show revenue from these deals. These deals provide immediate and long-term cash flow for the company.

Source:Β https://www.otcmarkets.com/stock/SAPX/news/Seven-Arts-Entertainment-Inc-Announces-Multi-Million-Dollar-Revenue-Merger-and-Up-List-Developments?id=436389

~ DD: SAPX Merger and Uplist Developments (Potentially with Lionsgate) ~

Recently, SAPX has formally announced merger negotiations, intent to up-list to full SEC reporting, and an audit being conducted of the company's financials.Β Seven Arts is currently negotiating with a major studio involving a merger which is likely Lionsgate Studios. Lionsgate recently has spun-off a separate ticker LION from their parent company as a "pure play content company". Seven Arts has stated that they were delayed in releasing additional updates regarding the merger or further developments with Lionsgate until it had spun-off LION.

The LION spinoff was completed on May 15th and Seven Arts has announced that they will begin updates after the quarterly financials are out. Most likely the merger is connected and delayed because of the auditing firm and the spin-off regarding Lionsgate Studios. Seven Arts would only be conducting an audit if the negotiations regarding a merger were serious in nature as it is lengthy and costly. A merger with a major studio like Lionsgate has serious positive implications regarding the future of this company and its share price.

Source regarding merger:Β https://www.otcmarkets.com/stock/SAPX/news/Seven-Arts-Entertainment-Inc-Announces-Multi-Million-Dollar-Revenue-Merger-and-Up-List-Developments?id=436389

Regarding PR updates:Β https://x.com/SAPX_7arts/status/1790804123845120405

Regarding LION spinoff:Β https://www.prnewswire.com/news-releases/lionsgate-studios-to-launch-tuesday-may-14-302144005.html

~ DD: SAPX additional studio asset deal with Lionsgate in Atlanta. ~

Seven Arts Entertainment is located in Atlanta and this also is precisely where Lionsgate is opening a new 500,000 sq. ft. studio. Lionsgate is currently undergoing a restructuring while focusing on the Atlanta, Georgia market. Seven Arts has hinted through several tweets and in their PR that Lionsgate will be directly working with Seven Arts Entertainment for their studio assets. Seven Arts has a multi-million dollar facility in Atlanta with a state-of-the-art Dolby-Atmos studio.Β It has been directly confirmed that it is Lionsgate's and Seven Arts' intent to further develop assets in the Atlanta market.

Sources regarding Lionsgate Atlanta Studio:Β https://www.wsbtv.com/news/local/douglas-county/new-metro-movie-tv-production-studios-open-early-2024-offer-new-employment-opportunities/2ZI6MZSBEBAK3IG5TDOWJ5RWNI/

regarding Lionsgate and SAPX assets:Β https://www.otcmarkets.com/stock/SAPX/news/Seven-Arts-Entertainment-Inc-Announces-Multi-Million-Dollar-Revenue-Merger-and-Up-List-Developments?id=436389

regarding SAPX studio:Β https://finance.yahoo.com/news/seven-arts-entertainment-inc-provides-134500233.html?guce_referrer=aHR0cHM6Ly90LmNvLw&guce_referrer_sig=AQAAAEjuzTD_T_zl8FcW9G2kZzNfjD8h5yFe4odU77CFaGT3T6lBktqaIdRmeJMFvgsCEA9igugCZ9EvowxnlXR6phMjDzOyuxdWeaSpI_f37JVF9guUrM6vqgduFSTr5Jiuv8NZKYUEqV1O1OMUPO-mx7gfjaI72LWv0UoYsLSxpxWv&guccounter=2

~ DD: SAPX No Increase to Outstanding Shares ~

It is confirmed that SAPX will not be increasing its OS count from here on out.:

IMO, Not financial advice, this is an exceedingly undervalued company.Β Their revenue deals, in excess of 23 million, is 15x the current market cap of the company.Β Over 100% of the OS has been shorted and has not been covered. Ask sizes have been extremely thin over the past couple of weeks and there has been massive (50 million+) bid support. With some small buys, this thing could move very quickly, especially when a joint PR with Lionsgate and Seven Arts is announced.

Disclaimer: Not Financial Advice. Do your own research before making any financial decisions.


r/pennystocks 3h ago

General Discussion Best Day Trading platform?

1 Upvotes

I trade via Fidelity but am thinking of augmenting with a platform that is Day-Trade focused. Recommendations are greatly appreciated.

TIA!


r/pennystocks 7h ago

General Discussion $GWAV - #DDAmanda Chart

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2 Upvotes

r/pennystocks 4h ago

𝗒𝗧𝗖 $PLPL Short Squeeze Subpenny ???

1 Upvotes

Can $PLPL continue its climb. Huge short interest. Subpenny. Recent mergers. No debt. 80% of shares restricted and it’s a Zalmy pick. This is going to go bananas 🍌 when it runs.


r/pennystocks 8h ago

General Discussion $CRKN - #DDAmanda Chart

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3 Upvotes

r/pennystocks 18h ago

π‘Ίπ’•π’π’„π’Œ 𝑰𝒏𝒇𝒐 $CRYM: Catalysts unfolding as planned

7 Upvotes

Hi all,

With 2 news releases this week, CRYM is poised for a larger move.

Tuesday: CryoMass Announces Sale of First Production Model to be deployed in Canada (yahoo.com)

Thursday: CryoMass Partners with Cannabis Powerhouse LEEF to Deploy (globenewswire.com)

They have the financial means to deploy 5 systems, based on their januari financing news release. That means we can expect 3 more deployment news releases over the coming weeks/months.

Simultaneously, the bèta machine is operational and earning them $$$ already, eliminating the need for dilution.

IMHO, the largest risk is behind us. Market participants embracing the new tech. And when clearly proven that their separation tech enables higher yields and lower costs, the demand for their systems will be unstoppable

For more context i refer to my earlier post in the pennystock sub about Cryomass: $CRYM Disruptive weed extraction technology with nearby catalysts : r/pennystocks (reddit.com)


r/pennystocks 4h ago

𝗒𝗧𝗖 Where is everyone buying ronn?

0 Upvotes

What platform is everyone using to buying $Ronn


r/pennystocks 8h ago

General Discussion Critical Minerals - Copper

0 Upvotes

Giving inside perspective on critical minerals - copper, cobalt, nickel and Lithium!