NEW penny stocks only

[Lance Thompson]

Just a principle that I have decided to follow when it comes to buying penny stocks. Some of you are just like me…….You want to hit the Homerun. So you have a deep interest in penny stocks and I completely understand. I want to hit that Homerun too. There’s definitely one thing that I’ve learned about penny stocks though.

Wall Street gurus like William J. O’Neill (may he RIP), author of How To Make Money In Stocks and the founder of the Investor’s Business Daily Stock Newspaper said that Wall Street doesn’t take a stock “serious” until it reaches $17 or higher. That’s why he always taught the principle to “Buy high and sell higher”. So that’s one obstacle that you have to be aware of if you’re going to delve into buying penny stocks. But just know one thing that I have “definitely” found to be true over the years which is that Wall Street definitely views a penny stock whose IPO was 2 or 3 years ago “or longer” as pretty much a joke. If it hasn’t taken off in 24-36 months?? It ain’t gonna!………….I have subscribed to more than 1 penny stock newsletter (as I’m quite sure several of you have) and we’ve all seen the same thing……The penny stock whose IPO was back in 1998 at $.05 and in 2023 it’s now at $.10 and I’m quite sure you’ve figured out the same thing that I have. A penny stock that’s been a penny stock for that long is a waste of money to invest in. If the company did its IPO back in 1998 when Michael Jordan hit that final shot for the Bulls to win his 6th Championship and it opened at $.07 cents and in 2023 when Nikola Jokic wins his first Championship for the Nuggets it’s at $.11 cents, you’re just about guaranteed that’s the same price range the stock will be in 25 years from now in 2048.

So what I’m doing when it comes to investing in penny stocks now is that I won’t even look at it if the IPO was longer than 12 months ago. Nowadays I’m running my customized search on Google that says that following……………

“All 2023 IPOs – A complete list” and change it from year to year to year to year to year……….”All 20XX IPOs – A complete list”. If it’s June of the current year?? Nothing older than June of the previous year.

 

From there?? CNBC and Bloomberg can give you the guidance you need on the best “countries” for capitalism where that company has the best chance of growing & thriving. I’m not messing with China…..Too many hoops with having to please the CCP (Chinese Communist Party). As several pundits on CNBC or Bloomberg have stated, if it’s a U.S. based company that does “business” in China YES, give it a look. But if it’s based in China?? For me?? Pass. Right now here is a list of the countries that are given the highest grades for fostering the growth of capitalism……………….

 

1. The U.S. (of course)

 

2. Canada

 

3. Israel

 

4. Germany

 

5. The U.K.

 

6. Japan

 

7. South Korea

 

8. Bangladesh

 

Good luck to you all. And just to give you a tip?? Here’s one that I’m about to buy very soon………………..

 

Ticker-symbol JFBR – Jeff’s Brands Ltd. based in Tel Aviv, Israel………The IPO date?? August 26th, 2022

And as Jim Cramer teaches on Mad Money, the same principle that he teaches regarding regular higher prices stocks applies to penny stocks too…..Diversify, diversify, diversify, diversify, diversify, diversify, diversify. If all you’ve got is $500 to invest in penny stocks?? Don’t put $500 into 1 penny stock…..Put $100 into 5 different penny stocks. If you’ve got $1,000?? Put $100 into 10 different penny stocks. If you’ve got $20,000??? Put $1,000 into 20 different penny stocks, and so on, and so on, and so on, and so on and so on……You invest all of your money into only ONE you’re headed for a ton of frustration. Invest in 20 of them, track all of them on your Watchlist and see which one “shocks” you.