If January and February are a sign of things to come in 2021, traders and investors are going to make a lot of money this year. 4 penny stocks to watch are Globalstar (NYSEMKT: GSAT), iQSTEL (OTCMKTS: IQST), Comstock Mining (NYSEMKT: LODE), and WORKSPORT (OTCMKTS: WKSP).
HOW TO TRADE PENNY STOCKS
First up, it’s important to understand that trading penny stocks are not the same as trading blue chips. As we have stressed repeatedly to our subscribers, the key to trading penny stocks is finding momentum BEFORE it happens and then be patient.
Now, when we say that we find momentum BEFORE it happens, we are investors looking to position our subscribers BEFORE the move happens.
We got our subscribers in early on TSNP, which you can read our first article here, and ALPP, which you can read about here. This is where the big money is made and why so many of our subscribers are sitting on gains of over 9633% in ALPP and over 19,900% in TSNP.
It’s also best to own a portfolio of penny stocks. For some that can be as many as 10 to 20 or more penny stocks.
We always alert our subscribers first before we publish for our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here. We alert our subscribers with our best ideas before our regular readers.
Now we know many prefer to day trade, but we are not day traders here at Insider Financial. It doesn’t suit our personality and we don’t like the intraday moves markets make. We have found we made more money being patient and ignoring the day-to-day noise of the markets.
If you want to day trade, Insider Financial is not the place for you. When it comes to day trading, and if that’s what you are after, we recommend the folks at True Trading Group, which you can check out their live streams here.
OTC PENNY STOCKS VS NASDAQ/NYSE PENNY STOCKS
The fact is that there is always a bull market somewhere. That’s why it’s important for penny stock investors to trade both OTC and NASDAQ/NYSE penny stocks, depending on the market conditions. There are always opportunities if you give yourself the flexibility to trade all markets.
Last year, for the first half of 2020, it was much more profitable to trade NASDAQ penny stocks than OTC. That is where we and our subscribers were positioned. We captured the runs in SRNE, NIO, INO, IBIO, WKHS, and many others. Then once the summer came, many of the COVID runners had failed to find momentum. We then pivoted to OTC and caught the runs in TSNP, ENZC, MMEDF, and many others.
Lately, it’s been best to play OTC penny stocks. There is no shortage of multi-baggers at the moment. As we have said repeatedly, there’s no better time to be a hot penny stock trader and traders need to be aggressive. It’s like being at the casino. When you have a hot hand and the house keeps losing (hedge funds and institutions), take advantage of it while you can.
In this article, we take a look at 4 penny stocks to watch, GSAT, IQST, LODE, and WKSP to find out what’s behind the move and our outlook for each.
Penny Stocks To Watch GSAT
GSAT is running as investors discover that it is a 5G penny stock to own.
Last month, GSAT and business partner Nokia entered into an agreement with Tideworks Technology to deploy Globalstar’s Band 53 spectrum at the Port of Seattle, Terminal 5. This was the second collaboration between Globalstar and Nokia at a U.S. port.
Earlier this month, Qualcomm started including Globalstar’s Band n53 in the new 5G X65 modem, Qualcomm’s flagship. The modem adds global 5G band support for n53, and that significantly expands the potential device ecosystem to include top smartphones, laptops, tablets, automated equipment, and Internet of Things modules. It also offers greater 5G deployment flexibility with increased spectrum aggregation options.
This week, GSAT formed a global strategic alliance with XCOM Labs. Globalstar and XCOM will jointly seek to commercialize XCOM’s capacity-multiplying technology with Globalstar’s Band n53 for dense 5G deployments in the US and in other countries where Globalstar has terrestrial rights.
What’s exciting about this partnership is that XCOM is an innovative wireless technology company founded by Paul Jacobs, Derek Aberle, and Matt Grob, former senior leadership at Qualcomm.
Paul Jacobs, Founder and CEO of XCOM said, “I have worked with Jay and Globalstar for many years and on many exciting projects. I am eager to embark on this new opportunity to drive XCOM’s growth while helping to accelerate the deployment of Globalstar’s spectrum resources. XCOM’s technology and products will offer significant capacity gains for dense deployments of greater than 4x compared to existing solutions with gains scaling even further up as additional hardware is deployed. This will greatly increase the utility of Band n53, allowing it to carry the traffic and subscriber load which previously required a much wider channel. Future mobile users in dense and dynamic environments will benefit from the combination of our technology and Globalstar’s licensed spectrum. Tomorrow’s machines, both autonomous and remotely controlled, and services like augmented and virtual reality, will enjoy superior performance utilizing the combination of XCOM’s technology and Band n53.”
GSAT has a current market cap of $3.8 billion. With almost 6% of the float short, there’s plenty of room for GSAT to run considering the potential for 5G.
Penny Stocks To Watch IQST
We said that IQST was an undervalued opportunity back in October when the stock was trading at just $.075 a share, which you can read here. Subscribers with the patience to stay in are now sitting on 1846% in gains!!
IQST broke out above $1 after the company eliminated all remaining debt from its balance sheet associated with any Promissory Note. With the exception of routine operational payables, the Company is now completely debt-free with no Convertible Notes, Warrants, Promissory Notes, or Settlement Agreements.
Any time an OTC stock cleans up its balance sheet, it’s always huge news. Since the fourth quarter of 2020, IQST eliminated over $3.3 million of debt from the balance sheet.
IQST still remains cheap with a market cap of just $119 million. The company forecasts $60.5 million in revenue for FY-2021. The 40% revenue growth target is largely driven by the anticipated expansion of the company’s new Fintech and IoT (Internet of Things) divisions launched in 2020.
IQST has a history of beating expectations. IQST reported $44.8 million in revenue that exceeded management’s $42 million revenue forecast for FY-2020 by 6.8% and represented a 148% increase over the $18 million in revenue reported in FY-2019.
Penny Stocks To Watch LODE
We said earlier this month that LODE was the best play on silver when the stock was just $1.66, which you can read here. LODE is a classic example of finding the momentum BEFORE it happens.
Comstock Mining is running after acquiring a majority equity stake in lithium-ion battery recycling company LiNiCo Corp. This deal is a huge win for LODE shareholders.
LiNiCo plans to commence production later this year, building toward cathode production capacity of ~10K tons/year; at just 33% of that rate and 60% of applicable commodity prices, the Linico facility should generate $100M-plus in sales with pre-tax operating income margins exceeding 30%.
LiNiCo’s battery recycling facility is located in the immediate vicinity of Tesla’s Gigafactory #1 in TRI Center.
LODE has a market cap of just $456 million and trades at just 10x earnings.
Penny Stocks To Watch WKSP
WKSP is another multi-bagger running on the OTC Markets.
WKSP is running as it expands its advanced TerraVis COR™ mobile energy storage system (ESS) that can be recharged via solar or conventional A/C power. It is an outgrowth of their ground-breaking TerraVis™ tonneau cover system, a recently introduced fusion of cutting-edge solar power, storage, and delivery.
Worksport CEO Steven Rossi estimates that the Company could have working prototypes of this system within 60-90 days, and possibly debut it to market within six months following the outset of final development. The TerraVis COR™ system is the first of its kind providing continually charged COR™ battery packs, where depleted batteries can be removed, recharged, and replaced, on-demand.
“The portable battery storage market is huge, and the trend is growing,” Rossi said. “The TerraVis COR™ will bring immense value to not just truck owners, but also the global consumer market, forecasted to grow to over $546 Billion by 2035. There will be cost advantages and attractive pricing for these very innovative, patented products. We look forward to telling investors and shareholders all about them along with the launch of the TerraVis™ pre-order site as soon as possible.”
The TerraVis COR system will be portable for job sites and off-road uses and will be marketed globally as standalone products, rechargeable by most common power sources as well as any solar panel.
WKSP just raised $4 million.
“The offering’s rapid success in raising $4 Million is a true testament to the dire needs of sustainable energy markets. Being able to close it in an incredibly short amount of time has afforded Worksport a valuable opportunity to return full focus to business & technological developments. We would like to take this opportunity and express our sincere gratitude by thanking those who invested and share our vision of a bright future,” said Worksport CEO Steven Rossi. “It’s such an exciting time for the Company. We now have the growth capital that will help us bring both the TerraVis™ tonneau cover system and its allied TerraVis COR™ mobile energy storage system to market efficiently and effectively. Additionally, the Company can now also expand its conventional tonneau cover products for light-duty trucks as well as consider acquisitions and partnerships as a strategic means of future growth. We have a myriad of amazing developments in the works and will be updating our shareholders on several projects in the near future.”
WKSP has a market cap of just $20 million.
These 4 penny stocks to watch are on the run right now. There are always opportunities in the markets and it’s our job to find winning stocks. Huge gains can be made in such a short amount of time.
For those that missed out on the recent run in these 4 penny stocks, our best advice is to be patient and throw bids in below the market. Buying dips and selling rips as swing trades remains the best strategy in these markets.
Remember, all it takes is one or two to become a winner and you’ve crushed the market indices for the year. Whoever said to avoid penny stocks has no clue what they’re doing.
As always, good luck to all (except the shorts)!
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Disclosure: We have no position in any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.