Top Reddit Penny Stocks to Watch: Key Takeaways
- The meal kit delivery stock Reddit traders say is “growing dramatically.”
- A short squeeze target that could be the next SPRT…
- Stock #4 just soared 100% on positive gas well results.
Learn to trade through ANY kind of market with a 20+ year penny stock veteran.
A few new tickers join this week’s Reddit penny stock watchlist on news of meal kit delivery and restaurant expansion. Plus, an oil and gas company just announced news. And are Reddit traders right about potential short squeezes in stocks #2 and 3? Find out below…
And read to the end to discover the top three tickers mentioned on WallStreetBets and two more trending Reddit penny stocks.
- Two Hands Corporation (OTCPK: TWOH … Read our full analysis here.)
- Vinco Ventures, Inc. (NASDAQ: BBIG … Read our full analysis here.)
- Aterian, Inc. (NASDAQ: ATER … Read our full analysis here.)
- Falcon Oil & Gas Ltd. (OTCPK: FOLGF … Read our full analysis here.)
- Smokefree Innotec, Inc. (OTCPK: SFIO … Read our full analysis here.)
If you ever have a big win or go on a hot streak, others will begin to compliment you/worship so much that you might be tempted to believe the hype…BUT DO NOT GET AN INFLATED EGO! Because if you ever do get too cocky, the market has a way of bringing you right back down to size!
— Timothy Sykes (@timothysykes) September 3, 2021
5 Reddit Penny Stocks to Watch This Week
I’ve cut through the noise and chatter on Reddit to come up with these top six Reddit penny stocks to watch now.
But remember, this watchlist isn’t a recommendation to buy or trade these stocks.
And if you’re hoping to get rich quick or wondering “can you get rich off penny stocks?” … you have the wrong mindset.
Don’t focus on the money.
That only creates bad trading habits like going all in, gunslinging, and overtrading…
Those are all the habits Reddit traders seem to promote and encourage.
Ignore that BS. Never blindly follow or listen to promoters or pumpers on social media and in chat rooms. They all claim these stocks are going to the moon. They’re not.
Most penny stocks fail.
Always expect the worst from every company so you won’t be disappointed. Be ready to take advantage of the hype and volatility, trade your patterns and trading plan, then move on.
If you’re new to penny stocks, get my FREE guide to trading this niche here.
Let’s do this…
Reddit Penny Stocks to Watch #1: Two Hands Corporation (OTCPK: TWOH)
TWOH is a tech company that develops apps. Its current focus is on growing its Gocart.city app and meal kit delivery service.
One Reddit user posted a due diligence thread on the company and said it’s “being heavily shorted” and the company is “growing dramatically.”
First of all, I don’t know anyone in their right mind who’d short a sub-penny stock. Second, I don’t recommend anyone invest in penny stocks. (I did it once and it cost me $500,000 of my own money. Read how it all went down in my no-cost book “An American Hedge Fund.”)
It blows my mind that people put their hard-earned money into a stock based on someone’s opinion on social media.
Always do your own research and never believe promotions and hype.
Sub-penny stocks aren’t my favorite, so I’ll need to see a perfect setup before I plan a trade.
Reddit Penny Stocks to Watch #2: Vinco Ventures, Inc. (NASDAQ: BBIG)
BBIG’s a consumer cyclical stock that offers toys, electronics, and housewares to retailers and distributors. It returns from last week’s watchlist…
Sadly, most traders are talking about how they’re bag-holding a losing position. They try to justify it by bringing up the stock’s short interest and borrow rate. Traders think it could still squeeze and compare it to Support.com, Inc. (NASDAQ: SPRT).
BBIG started to squeeze a bit on Friday. We’ll see if upside momentum continues. But don’t chase and always cut losses quickly!
Reddit Penny Stocks to Watch #3: Aterian, Inc. (NASDAQ: ATER)
Aterian’s a tech company that uses an AI machine-learning platform to analyze data to market and sell products.
ATER also returns to the watchlist from last week. It was on watch for a morning panic dip buy, but it’s held up and is consolidating. On September 3 a user posted a thread saying it’s “the next AMC type squeeze.”
The stock has a pennant flag on the daily chart. If it breakout to the upside it could continue higher and retest or breakout above $9.
That’s what I’ll watch for. Ideally, it’ll also have a catalyst and high volume.
Reddit Penny Stocks to Watch #4: Falcon Oil & Gas Ltd. (OTCPK: FOLGF)
FOLGF is an oil and gas exploration company.
A Reddit user posted a thread about the company after it announced “positive well results” and gained 100% on September 3. It had a huge gap up but traded sideways the rest of the day with low volume.
It’s another one I’ll watch for a panic dip buy.
Reddit Penny Stocks to Watch #5: Smokefree Innotec, Inc. (OTCPK: SFIO)
SFIO was in the tobacco sector before being acquired by Agrokings Incorporated in November 2020. Now the company’s in the hospitality, agricultural, electrical, and distribution spaces.
On September 2 the company announced it’s expanding and franchising its Epiphany Café in the U.S., Canada, and UAE. A Reddit trader posted the press release in a thread and added comments about upcoming catalysts.
The stock’s trading sideways and has low volume. I’ll need to see a catalyst and high volume before I plan a trade.
More Reddit Stocks to Watch
What else is trending on Reddit? Here are some stocks seeing increased chatter in the chat rooms. But remember, a lot of the traders in these chat rooms are HODLing.
They’re more like investors or swing traders than day traders. It seems many believe in these companies. I think that’s a huge mistake…
Prepared traders don’t get sucked into the chatter. Use the volume and hype to trade repeating patterns then move on to the next.
Over on WallStreetBets, Root, Inc. (ROOT) was the top-mentioned ticker on August 30 as the next short squeeze target. The stock gapped up from $6.40 to $7.92, made a high of $8.40, then tanked the rest of the day.
Here’s what else is trending with Reddit penny stock traders:
- Meta Materials Inc. (NASDAQ: MMAT): MMAT’s a former runner that’s another short squeeze target. It’s not trading high volume like the others on my watchlist. It also has a huge float so likely needs a news catalyst to bring in more volume for a big move.
- American Battery Metals Corporation (OTCQB: ABML): ABML had its first green day on August 27. On August 30 it gapped up and received mentions in the Reddit daily thread after the company announced a new CEO.
See the Penny Stocks I’m Watching
Want to know which stocks I’m watching each week?
Subscribe to my no-cost weekly watchlist. I’ll send my list of the top stocks to watch to your inbox every Sunday.
If you want even more stocks to watch, keep up with my blog. I update these watchlists every week:
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But I don’t want you to blindly follow stock picks and alerts from anyone — including me. Learn the reasons behind my trades and stock picks. Then learn to find your own. Become self-sufficient just like my top students…
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The Final Word on Reddit Penny Stocks
Reddit chat rooms have the potential to push stocks higher. They can create giant short squeezes and supernovas. We’ve seen it happen in the past.
And although the past doesn’t repeat itself exactly, it often rhymes.
I’m in no way saying run out and buy these Reddit penny stocks. The chat rooms can be full of promoters and bots just as much as Twitter. But stocks with high volume and hype could present opportunities. So watch them for potential plays.
But always have a trading plan and stay disciplined. And never believe the hype.
Not sure which pattern or strategy is best for you? Watch the market, practice by paper trading on StocksToTrade**, and study all my trading education resources.
And when you’re ready, apply for my Trading Challenge.
Which of these Reddit penny stocks do you think has the most potential? Let me know in the comments … I love to hear from you!
*Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. Most who receive free or paid content will make little or no money because they will not apply the skills being taught. Any results displayed are exceptional. We do not guarantee any outcome regarding your earnings or income as the factors that impact such results are numerous and uncontrollable.
**Tim Sykes has a minority ownership stake in StocksToTrade.com.