The past few weeks have been hard on many traders. Many are looking at a sea of red in their portfolios. This happens when you invest. Markets go up. Markets go down. But there are still plenty of opportunities in penny stocks. 4 penny stocks to watch this week are DSG Global (OTCMKTS: DSGT), Global Tech Industries Group (OTCMKTS: GTII), Ideanomics (NASDAQ: IDEX), and Strikeforce Technologies (OTCMKTS: SFOR).
HOW TO TRADE PENNY STOCKS
First up, it’s important to understand that trading penny stocks are not the same as trading blue chips. Penny stocks are subject to enormous volatility like what we have witnessed over the past few weeks.
This is why we have preached over and over again on our Insider Financial YouTube channel to book profits along the way. We warned our subscribers to not get greedy or get caught up in the diamond hands/paper hands BS.
PLAN OF ACTION
There are two choices for investors right now because selling is not an option.
One, investors can do their homework and look for penny stocks that haven’t run yet. This is what we do at Insider Financial. We scan through hundreds of penny stocks each week looking for the best alerts for our subscribers.
We preach 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 HMBL, 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 5553% in ALPP and over 10,937% in HMBL.
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.
The second move for investors is to look for penny stocks that were runners before and present dip-buying opportunities.
What do we mean by this?
The foundation of a great fortune is built during bear markets when there is blood in the streets. This selloff is when you want to be putting cash to work by buying quality penny stocks. These are penny stocks that were runners in the past and will run to new highs again.
YOU MUST LEARN TO EARN!
We try to help as much as we can, but in the end, it’s all up to you. You are running your own trading business.
Investing is not a team sport.
The purpose of what we do here at Insider Financial is not only to find winning alerts but also to teach. But we are just one resource. There are other resources as well.
For instance, if you want to day trade, we recommend the folks at True Trading Group, which you can check out their live streams here. They have a chat room as well as a ton of educational resources for their members.
The one negative about True Trading Group is that they don’t cover penny stocks much. However, the good news is that we specialize in penny stocks here at Insider Financial. In this article, we take a look at 4 penny stocks to watch this week DSGT, GTII, IDEX, and SFOR to find out what’s behind the move and our outlook for each.
Penny Stocks To Watch This Week #1 DSGT
On October 12, we wrote this article on DSGT saying that it was an EV play with huge upside. DSGT was trading at just $.15 before running to $1.50.
We said at the time:
DSGT is now a pure-play on electric vehicles trading under $1. We know of no other pure-play EV stock trading under $1. We have seen the moves this year in Tesla, NIO, Workhorse, and Lordstown, DSGT looks to be the next EV rocket.
DSGT just announced multiple new models of electric vehicles (EVs) added to its growing product lineup. The Company also began taking $100.00 refundable reservation deposits for the Skywell ET5 SUV, URBEE 4s, and the new T-01 Personal Mobility Vehicle.
Earlier this month, the company announced the following milestones were achieved.
- Signed three partnership and distribution agreements with major automotive manufacturers (Skywell Automotive Group, Jonway Group and Rumble Motors)
- Received business license and the first shipment of EVs.
- Appointed industry veteran Rick Curtis as President of Imperium Motors Corp. wholly-owned subsidiary. Curtis brings 40 years of senior automotive industry experience, including an extensive background in EVs.
- Appointed industry veteran William J. Rex as president of the EV bus and motor home division of Imperium Motors.
- Added Terra E-High Speed Truck from Jonway Group and ET5 SUV and several models of buses from Skywell Automotive Group to Electric Vehicle product line-up.
- Installed golf products at numerous new golf courses with 14 new orders being installed immediately upon new inventory arriving, alternative fleet management with the installation of products for Peninsula Sanitation Services
- Started process (completed February 2021) to receive WMI number for self-manufacturing in the United States.
- Began negotiations to acquire a manufacturing facility in Washington state with Nisqually Indian Tribe Economic Development.
- Received the first 2 ET5 SUVs at its Canadian facility and Fairfield CA Experience Center.
- Received the first 11 vehicles out of 21 ordered from Jonway at its Fairfield Experience Center.
In addition to its EV division, the company’s Vantage Tag division sold more than 1000 units generating $1.168 million so far this year.
DSGT has now corrected like all the other major EV players. For those that are looking to play the EV boom, DSGT is one of the cheapest ways to play it with a market cap of just $39 million!!
Penny Stocks To Watch This Week #2 GTII
GTII is a bright spot in an otherwise depressing penny stock market. Just look at the run last week. As we have said repeatedly, there are still opportunities in penny stocks, you just have to be more selective.
There could be some further action in GTII this week as more investors look for undiscovered NFT stocks. GTII just announced a Letter of Intent with Ronald Cavalier, the founder of Cavalier Galleries. His 4 galleries are located in Greenwich, CT, New York City, Nantucket Island, and Palm Beach, FL.
The contemplated collaboration with GTII will allow him the platform to utilize his decades of experience in the art world to bring together the most respected curators and artists, both internationally acclaimed and emerging, to participate in this new NFT marketplace for museum-quality curated art.
Mr. Cavalier is currently in the process of choosing and further developing a social media platform that will allow him to continue representing his world-class roster of artists in the digital art space where their work will be sold exclusively on the Cavalier platform.
GTII’s Chief Executive Officer, Mr. David Reichman stated, “This may be the company’s most exciting potential partnership and business combination yet. GTII can afford Mr. Cavalier the depth of our understanding of the public market as he moves forward into the digital art space, using the NFT’s which we believe are at the forefront of the digital currency industry.”
Our only concern is that with the recent run-up, GTII now has a market cap of $674 million.
Penny Stocks To Watch This Week #3 IDEX
IDEX is one name that we have covered for quite some time here at Insider Financial. It’s a name that we know well and has consistently rewarded traders that bought the dip and sold the rips. We know many long-term IDEX hodlers don’t like hearing this, but IDEX has been a great play for swing traders as you can see from the chart below.
Earlier this month, IDEX acquired 20% of Italian Energica Motor Company S.p.A. (Energica) for $13.2M. Energica develops high-performance 100% battery-powered motorbikes. With this investment in Energica, Ideanomics expanded its global footprint in the electric vehicle industry and added a complement to Treeletrik’s business in the ASEAN market.
We see IDEX as being extremely undervalued when you factor in all the recent acquisitions.
- WAVE is a provider of inductive charging solutions for medium and heavy-duty electric vehicles. The company’s customers include the largest EV bus system in the U.S., the Antelope Valley Transit Authority, and its partnerships include Kenworth, Gillig, BYD, Complete Coach Works. All the EVs on the road are going to need charging. With WAVE doing about $7 million in revenues last year, there is a long runway for growth.
- IDEX acquired 100% of privately held Timios Holdings Corp. in an all-cash deal. Timios currently has 285 employees and operations in 44 states and booked over $60 million in revenues last year.
With the Timios and WAVE acquisitions and momentum in MEG growth, revenues should be on the low-end $140 million to as high as $200 million in 2021. We also see IDEX taking one or more of its EV divisions public via IPO or SPAC. This makes a lot of sense as there are two divisions – electric vehicles and fintech. At current levels, both divisions are tremendously undervalued.
With about 15% of the float short and a market cap of just under $1 billion, IDEX is a prime short squeeze play for the Wall Street Bets Reddit Crowd.
Penny Stocks To Watch This Week #4 SFOR
We wrote up SFOR on October 27th when the stock was trading at just $.0044 a share, which you can read here.
We said at the time:
Now that the company has signaled that it has come up with more attractive financing, we can see SFOR stock run. In this article, we take a look at SFOR stock and make the bull case why there’s more room to run.
SFOR just paid off its remaining convertible debt of $45,000 from 2020. The company has no more convertible debt and there will be no more dilution. This is huge news for any penny stock. CEO Mark Kay said:
“In addition to paying off our convertible debt, StrikeForce is feeling extremely positive about our rollout of SafeVchat™and PrivacyLoK™. So far we have put many companies onto our platform and the early feedback has been very positive, and as the products continue to grow, we expect that growth will translate directly to shareholder value. Since Cyber Security has become such an important part of our everyday lives, and now that video conferencing is part of the new everyday normal, SafeVchat & PrivacyLok are positioned to become the industrys’ new Gold Standard for video conferencing security and desktop privacy protection.”
We see SFOR as a cheap $100 million market cap play on ZOOM with its SafeVchat. It won’t be long before SFOR is trading at new highs.
As we keep saying, there are always opportunities in the markets and it’s our job to find winning penny stocks to buy. Huge gains can be made in such a short amount of time.
If you like any of the penny stocks in the video and have missed the move, our best advice in these tough times 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.
It’s also important to look for penny stocks that have yet to run. There are plenty of opportunities out there and we look at hundreds of penny stocks to buy each week trying to find the best alerts for our subscribers.
Remember, all it takes is one or two to become a winner and you’ve crushed the market indices for the year.
As always, good luck to all (except the shorts)!
WHEN INSIDER FINANCIAL HAS A STOCK ALERT, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!
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.