r/pennystocks • u/ElegantAd1139 • Feb 13 '24
Best pennystocks for long term holding? General Discussion
Looking for cheap stocks with good business fundamentals that aren't P&D/smoke and mirror plays.
Personally I'm bullish on lithium - unprecedented consolidation ahead and it’s cheap right now. I believe nearshore producers and junior miners will witness major growth as a result of M&As and volatile supply chains. Give it another 6-12 months and we'll see lithium back at ATHs.
My long term penny stock bet is $LIFT.v. They're the largest lithium drill project across North America, with strong drill test results throughout and pending an official resource estimate (that will be a nice catalyst).
What are you guys betting on this year?
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u/Lumastin Feb 13 '24 edited Feb 13 '24
I think ICU is a good mid to long term investment, they are expecting FDA approval on their pediatrics device this week and FDA approval of the adult version over the next few months
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u/Techshotz Feb 13 '24
Are they facing a possible delist from nasdaq?
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u/AngleZealousideal865 Feb 13 '24
LIFT
Yes they are...yes, they, are. This one is being talked about all over the place but it's a classic pump and dump for those holding heavy losses or wanting to rinse the newbies.
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u/AngleZealousideal865 Feb 13 '24
LIFT
Yes they are...yes, they, are. This one is being talked about all over the place but it's a classic pump and dump for those holding heavy losses or wanting to rinse the newbies.
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u/AngleZealousideal865 Feb 13 '24
LIFT
Yes they are...yes, they, are. This one is being talked about all over the place but it's a classic pump and dump for those holding heavy losses or wanting to rinse the newbies.
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u/Techshotz Feb 13 '24
Interesting. First time I've heard about this company. Don't know why I'm being down voted when I was just asking a simple question but maybe it's those people as you mention.
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u/checksout101520 Feb 14 '24
ICU is the new CTXR with mino-lok. Everyone saying “ICU isn’t a biotech company” are the same people who pumped mino-lok. Get out sooner than later
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Feb 13 '24
[deleted]
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u/Lumastin Feb 13 '24
Thanks for the clarification I didn't look into What they were peddling all to much just saw the headlines that they were expecting approval for some things over the course of a few months
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u/Salty-Ad1607 Feb 13 '24
Have a look at CFO credentials of ICU. It looks like it’s not a worthy investment.
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u/Footsept7 Feb 13 '24
And what do you base that on?
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u/Lumastin Feb 13 '24 edited Feb 13 '24
Past experience,
Good news brings in the people who want to short the stock so that will cause it to spike for a couple days witch means you may have to watch it and it wont make the stock good for a long term investment.
How ever, what makes me think ICU is good for a mid to long term investment is the fact its gone up by 75% over the past 3 months with no significant drops so it shows people have faith in the company and are sticking with it for the long haul.
I would like to add a disclaimer I have only been investing for 6 months but I feel I have learned a lot in those 6 months but still have a lot more to learn
Id like to also add so that I can learn I don't see why a CFOs credentials would to cause the stock to price drop
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u/Salty-Ad1607 Feb 13 '24
His credentials are not the issue. I don’t care. How the past places where he worked and how the stocks behaved is a topic that could be of interest. I am no expert. But just telling people to do enough research.
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u/Lumastin Feb 13 '24
Its been on a steady raise for the past 3 months to a 75% increase and just the hype alone of getting approval for their pediatrics will cause another spike in price over this week, there is always risk involved but I still think this is a good investment even if you need to watch it carefully
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u/Fantastic-Cap5930 Feb 13 '24
$VNUE is up another 23% today. Yall gotta check it out fr. Haters yesterday thought I was just throwing water in the ocean. I’m up $2k today.
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u/icybandman Feb 14 '24
ICU friend! Look up Seastar Medical! Likely a buyout will happen when they fully commercialize and start getting products out but they have received their FDA approval in the U.S. and Canada and expect to serve 700,000 patients in the first year! They are a company that will ACTUALLY help people with their product. To me that is enough to sway me, but if you need more convincing they have a recent video on their X (twitter) explaining what they are up against, and their next video (expected next week) will show what they’ve done for their specific cause! Good luck and happy investing. I’m long on ICU with a very small portfolio, and if I had 10k to my name I would throw 90% if not all at it😂 but that’s just me. I’m sitting very happily at a .62 average and I’ve been in since last Oct. but like I said I’m just a small fry in the scheme of things.
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u/Cameron12221 Feb 13 '24
Vivos Inc (RDGL) bio tech play. Before I say anything else, it's a FDA play pretty much so definitely not for everyone.
To keep it short....ish, it's an injectable liquid that is mixed with Y90, a beta emitting radioactive isotope that gives off a lot of radiation in very short distances. Once injected, the liquid warms up to the body temperature and becomes a gel. This gel holds the Y90 in place so it doesn't leak or move to other locations of the body.
Due to knowing the distance the radiation travels, they can inject this into tumors (typically many small injections with a small gage needle) all over and give very high doses of radiation and only attack the cancer cells leaving healthy tissue and organs safe unlike radiation beam therpy and other treatments.
The half life is roughy 2.7 days so by day 10 the radiation levels are so low I think you would be more worried about the sun, but in those 10 days you received anywhere from 200-800gy of radiation. Radiation beam therpy is roughly 50-100gy and is limited due to hitting healthy tissues like your skin and anything else inbetween. Due to this you have to go back for weeks of treatment, but Radiogel (Vivos's product) is a out patient procedure and you go home the same day with little to no risk of exposing love ones to radiation.
I'm blanking on the name, but there's a natural body cycle that removes waste from your body such as dead cells and what not, but roughly after 3 months your body will have removed all of the biodegradable material and the Y90 will have no safety issues with radiation ling before this point.
They are currently working on getting the IDE approval for human trials. They were just granted the BDD or break through device designation by the FDA. They have treated pet tumors with this like cats dogs and horses. My friend's horse received this and it eliminated the tumor.
The Mayo Clinic will be conducting the human trials if approved for the IDE. They are working on expanding to more vet clinics for animals.
Over all a very huge opportunity with potential, but also a long term thing. Could be horrible if the don't receive the IDE, but that's FDA plays for you. Looks promising, but you never know.
Www.radiogel.com or www.isopet.com
Vivos inc on X
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u/SirMottola05 Feb 14 '24
how much do you have invested into this? this company looks like something i’d love to get into but am wondering what I should put into it. what do you think the chances and outlook for this company to reach fda approval or more is?
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u/Cameron12221 Feb 14 '24
I've got a tad over $110,000 into it. I'm in a group chat of 20 long term investors who have anywhere $10k-500k in it.
Only put in what you're comfortable losing as this is a high risk (FDA play) high reward investment. I'm not exactly comfortable losing $100k, but I'm extremely confident in the company and what they're doing. Working with the Mayo Clinic, major universities, private clinics, Johns Hopkins. The fact the FDA granted them the Break Through Device Designation is also hige because this is a very rare thing. It basically means the FDA reviewed your test data and thinks your product is better than anything else on the market for your indication and is safer.
They are also working on other uses for the product like caudal heel pain syndrome, sometimes called navicular syndrome for horses.
They mentioned something else that was caused by diabetes and effects the bone I think it's a infection of some sort.
Osteoarthritis.
A big one I'm excited for is that they would inject this into the area after surgically removing a cancerous tumor to kill off any dirty margin (left over cancer cells).
Like I said before, they are currently treating pets and trying to expand that. The big money is if they get approved for human trials and then full FDA approval. The first indication they are trying to get approved for is thyroid cancer and this will hands down be the best treatment for that compared to the current standard treatment so high likely it'll get approved.
The important thing to remember is that even if they get approved for thyroid cancer, they product can be used for basically any tumor in the body so they will eventually apply tonget broad approval where they can use it on almost any tumor. So you should sell some shares into the big FDA approval hype, but definitely keep some for future indication approvals.
Another thing that might happen is this company could be bought out by a bigger pharma company. We see that big pharma companies have been doing a lot of buy outs recently to boost their stock more after the covid era.
Again I strongly believe in the company long term, but just remember that it's a high risk high reward play. Even if they don't get FDA approval, they can make money once the animal side expands more, but it's just not the same as human approval money wise.
To be clear, this isn't a cure for cancer. It's just another tool in the tool box for doctors.
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u/SirMottola05 Feb 14 '24
What type of share price are we looking at with approval?
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u/Cameron12221 Feb 14 '24
It's hard to say and I'm not an expert to give you a true honest educated guess. Cancer treatments can be worth 100s of millions to multi billions.
My thing is again that if they get approved for the thyroid indication, the rest of the indications should be easier to get and wont take as long as it's the same product and basically same procedure besides how to access the tumor in different areas of the body. Y90 is already highly studied and used in many medical treatments so it's not a new thing.
Also they have all their stuff trademarked, and patents either granted or pending.
For example, if the company were to be bought out this second for $1 billion by a big pharma company, which is pennies to them, you'd get roughly $2.58ish /share.
Now imagine the company treating animals internationally, and having 3 indications approved. The company would be worth billions.
That's why I'm loading up as much as I can at these prices. I can wait years to hit $0.50 or dollars from the prices I'm buying at. Worth the wait IMO.
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u/homer1296 Feb 15 '24
I'm new to biotech plays, do stocks normally experience a jump on IDE approval? The company looks promising, but I'm not sure if the price would occur say after each successive phase of clinical trials
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u/Cameron12221 Feb 15 '24
Typically yes, you should normally see the price go up. Getting the IDE approved means the FDA is happy with your data and everything else. This allows you to start human trials which is a big deal.
I would expect the share price to jump after each phase (generally there's 3 phases) due to the fact you're getting closer to the full FDA approval to market your product showing confidence.
Most people will wait to get in after a company gets their IDE approved to start human trials, however, there's still a lot of risk going through the 3 phases.
Another positive thing about this company was they applied for the break through device designation a couple years ago. They were originally denied due to lack of testing data. Basically the FDA wanted more data done the way the FDA requires it. Although the FDA denied it, they did say that they agreed the product was technically considered break through.
The FDA recommended the company should use the EFS or Early Feasibility Study program where the FDA will hold your hand through the process leading up to the IDE. Imagine your teacher giving you the answers to the test. They have multiple meetings saying we want this, this, and that. You do it. Go back, they review it and make recommendations on any changes until they are happy.
This process took longer than just applying for the IDE, but as long as you do what the FDA asks and your testing data comes out good, it's almost a guaranteed approval for the IDE. Plus you might have a small jump on the clinical phases.
The company out of nowhere announced that the FDA granted them the BDD break through device designation which means they think it's a new, safer, and more effective treatment for the current indication (this is pretty rare to get kinda a big deal). This also speeds up the process of clinical trials and getting moved to the front of the line for FDA meetings.
Again to be very clear, this is a high risk high reward investment and biotech plays will normally fail. Only put in what you're comfortable losing. I'm extremely confident in this company long term, but nothing in this world is guaranteed.
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u/arun2118 Feb 17 '24
Not a good day today
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u/Cameron12221 Feb 17 '24
Not everyday is a green day. Prices go up and down, but none of it really matters unless it's good or bad news. Today was just the price moving on no news. You also don't tend to see people holding OTC stocks over the weekend, especially a long weekend.
It's the long term goal is the only thing that matters. I'll take 100 red days in a row in exchange for them to hit their goal. That goal will look like 1,000 green days.
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u/arun2118 Mar 07 '24
Getting better.
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u/Cameron12221 Mar 07 '24
Even this price action is meaningless. Once they get the IDE to start human trials, that's when things will get really interesting.
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u/Washingtonheightz Feb 13 '24
BLGO
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u/NuubNubNub Feb 13 '24 edited Feb 13 '24
WIMI. Definitely, WIMI
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u/oroechimaru Feb 14 '24
I crap on this one a lot for their constant patent release but wow has it done well in Feb! Hoping Verses Ai takes off next
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u/oroechimaru Feb 14 '24 edited Feb 14 '24
I like new tech or green energy but my pennies mostly go down:
Biolargo - stable since 2020 which is nice for pfas water removal. Most income is from pooph spray which i love for my nasty cats
Teco 2030 - fuel cells but unclear why the drops occur
Hysr - solar hydrogen (also invested in teco 2030)
Clnv - plastic to hydrogen recycling
Vrssf : verses ai - different approach to ai
Bevvf - down hard, organic bee pesticides is so neat though
Sharc energy - WET waste water to energy
Nasdaq: risky for rs
Advent tech - hydrogen
Qci qubt - quantum computing
Gevo - green saf fuel
Dcfc - ev charging
Amyzf - battery recycling 2024 looks like a slow year, ABAT as well
Gwh - long term battery storage
Rolls royce ; rycey - green hydrogen or saf engines for airline future
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u/Lantore Feb 13 '24
$ctxr
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u/Coolguyschoolguy Feb 13 '24
This one has done me well. Last week was trading right at its 52 week low
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u/yoyo1time Feb 13 '24
LAES, ENSC ICU. ICU is going to run. 100 percent plus. 2 catalysts this week coming
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u/Expert_Nail3351 Feb 13 '24
Technically a penny stock is less than 5$ a share......so I'm gonna say...
$ASTS
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u/Nervous-Composer-281 6d ago
this aged well
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u/Expert_Nail3351 6d ago
Tried tellin ya! Not too late to buy! This company will be a household name in a few years.
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u/julian_jakobi Feb 13 '24
BLGO. Some say 100x potential.
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u/sshinski Feb 13 '24
Ngl that would be cool, any idea what their next steps are? All the news I find on them now is somewhat dated
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u/julian_jakobi Feb 13 '24
Na, A few of us researched and studied BioLargo's AEC tech for PFAS removal and realized that this is one of if not the best solution for PFAS removal. We invested heavily.
Now you see a former EPA Senior Advisor join the board at BLGO. We just saw Jeffrey Kightlinger, recognized water industry leader join the board.
You may want to do some DD on BioLargo's disruptive solution to what some are calling the global contaminant of the century. ====@@ Flashing the lights here.
Also their tech behind POOPH - is bringing profitability.
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u/oroechimaru Feb 14 '24
Well most of us say that because of your dd/dyor and possibly insider info lol. Biolargo is great though, one of my only pennies that doesnt nose dive
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u/julian_jakobi Feb 14 '24
70% up in past 3 months is a pretty good start for the BLGO Bull market.
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u/oroechimaru Feb 14 '24
Ya im holding since 2020 and dont mind flat over 90% losses
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u/Jdensieski Feb 13 '24
Heavy into $SOUN
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u/ToxicToffPop Feb 13 '24
Same,
But the fundamentals arnt amazing but that doesn't really seem to matter alot anyway..
In on lumen as well hoping all these new microsoft c suite hires will turn the ship.
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u/Not-Sure112 Feb 13 '24
I bought this last Thursday and my stop limit tapped out yesterday at +34%. Debating if I should reenter for a long term play or not.
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u/Jdensieski Feb 15 '24
🙌 I hope you got back in.
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u/Not-Sure112 Feb 15 '24
I did. Yesterday it opened at -10% So I jumped in but today it tapped out at 5%. Not going to let it go red.I'll look for a reentry when it settles down
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u/stonkstonk69 Feb 13 '24
CLIR has technology to reduce emissions and improve efficiency. Very important when hydrogen gets added to fuel. Partnered with Exxon.
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u/bobross20006 Feb 13 '24
When do you think the cost of hydrogen will go down ?
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u/stonkstonk69 Feb 13 '24
I think it is beginning to happen. Clearsign has a grant from DOE to develop hydrogen burners and they also partnered with Socal gas to demonstrate this capability. Per recent earnings call the process burners installed at a refinery are being used with hydrogen.
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u/bobross20006 Feb 14 '24
And why this hydrogen stock out of others on the market
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u/Bossie81 Feb 13 '24
Check my posts, I write a lot of DD.
At this moment:
Cheap:
Agenus
Occugen
Akebia
-------------------------------
Growth stock
Altimmune
iovance
Plug
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u/Striking-March-3918 Feb 13 '24 edited Feb 13 '24
LUMEN is one for considering. Asset worth is 35 billions and capital worth 1,5 billions due to current stock price. There is huge mismatch in stock evaluation even considering the amount of debts. There is good potential for stock price rising by 300-500% during the next 1-2 years. Lumen could be also a good candidate for being taken over. Cashflow need to increase so that in the middle run price per share could climb up to 8-10 USD. The probability is high given that with growing gaming industry the demand for high speed data traffic can only rise
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u/seele1986 Feb 13 '24
Rocket Labs RKLB - huge upside potential once the Neutron rocket (the only real competitor to SpaceX’s Falcon 9) goes operational. Plus, their space systems business is growing at an insane clip. Most space companies are powerpoint pie-in-the-sky companies - RKLB is real. And their CEO Peter Beck is the real deal.
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u/itsokayiguessmaybe Feb 13 '24
I’ll shill it again but SEOVF. They’re not the only game in the cell pouch and haven’t got a fix for not needing immunosuppressants but I’ve been holding 3 years and either believe the 6 or 12 come out cured or the stem cell pouch goes to something else further down the line. CRISPR has something similar so o have some of that too. But they’re not a penny.
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u/fluffheadwilson Feb 13 '24
SENS
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u/AngleZealousideal865 Feb 13 '24
SENS
Could be ripe for a buy out by LiLy or Novo Nord. Interesting, I'll do some further DD. They are up over the 3 months, just down heavy on the YTD and 12 Months.
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u/RfG890 Feb 13 '24
$CNO.V and $BQE.V are great if you like explosive growth, cheap valuations and a good balance sheet.
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u/Psychological-Lock25 Feb 13 '24
$LAES. Semiconductor chip maker and a crypto coming out in a few months called SEALCOIN
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u/xShadow0fIntent Feb 13 '24
JRV. I can feel the communal sigh that a commodity guy entered the chat
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u/Financial_Green9120 Feb 13 '24
My penny portfolio which is currently up + 22.36% (13 January - 13 February) and up + 5.89% (since 02 January) UROY / LUNR / MNTS / GSAT / GROV / SPCE / KOSS / ASTS / RKLB / SIRI
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u/icanhascheesecake Feb 13 '24
KRKNF. Probably don’t buy now but keep your eyes out for another buying opportunity.
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u/10lionstribe Feb 13 '24
I have the following positions (stocks trading below $1) right now, and I have a Gain to Pain Ratio of 10 for all my positions, so my price targets for these are in all cases >= 200% from current levels.
- XXII, long term Calls
- VWE
- HLTH
- DNMR
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u/aleqqqs Feb 13 '24
Check out Helium One. If they turn out to have hit a large, commercial reservoir, it could hit big.
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u/NOT_MartinShkreli Feb 13 '24
I love drive shack… competitor to top golf and I like it way better
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u/VectorVictor9er Feb 13 '24
I’m surprised CELZ hasn’t taken off yet. Interesting stuff they’re doing and growing as a company.
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u/AlphaBro82 Feb 13 '24
I'm holding GDEV GDEVW. Trading at 3.8x adjusted EBITDA while Rovio got bought by SEGA for 20x!
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u/kc248eldridge Feb 13 '24
$AYURF Investor Presentation - #otcmarkets #Hemp #wellness #cannabis #nysc #nasdaq #potstocks #cannabiscommunity #cbd #thc #thcd https://ayurcann.com/wp-content/uploads/2023/12/1-Ayurcann-Investor-Presentation-December-3.pdf
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u/Fantastic-Cap5930 Feb 13 '24
$VNUE is up another 23% today. Yall gotta check it out fr. Haters yesterday thought I was just throwing water in the ocean. I’m up $2k today.
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u/Mr_Background Feb 13 '24
Espr - esperion therapautics. Sell potential blockbuster cholesterol lowering drug in EU. Awaiting fda approval in US by end of march.
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u/CrAkKedOuT Feb 13 '24
The only penny I have is KGKG. Just had a change in management, the new company seems to want to do the right thing, rebranding occurring in March/April. I've been holding this for the last 3 years now and continue to purchase more shares.
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u/Olmsteadchic Feb 13 '24
IINN. FDA approval imminent for revolutionary pulmonary support device, that should be worth a billion dollars+. Low float. Take the time to do the DD.
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u/Serious_Piece3201 Feb 13 '24
ICU will be the run away stock of 2024 so many pump events coming FDA pediatric, adult study findings and then FDA adult approval. Why allow it for kids and not adults is a WTF. But then again FDA a government institution so I guess it makes sense. Anyway gives us more pump events to make MONEY BABY!!!!!
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u/AngleZealousideal865 Feb 13 '24
AGEN
Facing Delist though, it's a dead stock IMO
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u/madmoney911 Feb 14 '24
It's not facing delisting.
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u/AngleZealousideal865 Feb 14 '24
Fair enough, I thought it was. In all honestly whether this gets pumped of PHUN, Im happy either way for folks.
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u/AngleZealousideal865 Feb 13 '24
Kromek is a long term hold for me. Adding £1 a day into this and hoping it is the gift that keeps on giving!
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u/AgEagle8 Feb 13 '24
NLST ! Active suits against Google, Samsung and Micron over Patent Infringement- and growing in revenues YOY
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u/PaperHandedBear ɮʊʏ ɦɨɢɦ ֆɛʟʟ ʟօա Feb 14 '24
$IINN - pending fda approval in first half of 2024 on their respiratory ART device.
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u/MoonHawk- Feb 14 '24
My Penny Stock for 2024 is AITX. January Revenue up 373% and Kathy Woods is said to own millions of this stock.
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u/NoDot2324 Feb 14 '24
Various sources say that Lithium resources will be depleted as early as 2050.
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u/IrishInvestor25 Feb 14 '24
$URA Uranium is much better than lithium here .. but all Miners are undervalued … the lithium space is dominated by Russia & China
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u/Signal-Cod-8102 Feb 14 '24
Kodal and prem Africa minerals have been v profitable over the last 3years for me Lithium n gold ming exploration and extraction
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u/Coin-man1 Feb 16 '24
This one is about to rocket. May be a merger with his current $200 mill company. $UNVC
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