These trades in this thread are gambles. Trading sub 10m cap with no assets and it being a low float is only a gamble when you don't read their filings. The trades you are reading today fit that description. But it's not a gamble when you do thorough DD.

This post was edited by Austinosu on Dec 11 2020 12:58pm

let's agree to disagree

you cannot conduct due diligence on these penny stocks

the very nature of pump & dump stocks makes the only possible dd being you knowing who has accumulated the float and when they plan on running their pump & dump

You shouldn't be day trading these companies without one. In penny land almost everything is manipulated, so you need as much free info as possible.

This is highly inaccurate. What is the difference between a S1 and S3? What does it mean when the companies file through the 1933 securities act but do it in Deleware instead of NY? I don't mean to come off rude, but you don't know what you are talking about.

Which part is inaccurate?

I'd say about the entirety of it. You are correct that with proper knowledge, you can get a ROUGH idea of who is loading and for around which price. That's about the only accurate part of your statement. But how do warrants play? Are all warrants the same? How does the double tax law work? What is the dilution when they can self serve shares through that loophole WITHOUT SHAREHOLDER APPROVAL? And it doesn't just have to be penny stocks in the form of cap although majority under 10m cap will pump heavy just to get compliance off their back. What is their upcoming catalyst? Do they have a history of repeating? Is a pattern forming? 2018 weekly charts doing the same thing in 2020? With proper structure, you can be far ahead of the game.

You can't predict a day of run everytime, since not all stocks have the same structure. Some file effectiveness and don't run for weeks, some file it and run within a week. You most certainly can perform DD on pennies regardless of float, and pump and dumps are the name of the game in pennies. The legit ones break through, NNDM good example. Notice the uptrend after TONS of offerings? SAVA? These are legit companies as of breaking into bigger realms. I can name tons of penny companies I have secured big profits on based off files alone. Where will they go? Who cares, won't be in by the time it drops. I can also name ones I took a loss on, because I had firm cut points and didn't run within the time frame I gave it credit for. Is that because DD is impossible, or because I didn't trade it correctly?

I like your explanation, thanks.

EBON under 4 good add for bounce
HSTO add slow, 120 and below if possible. Files suggest they are trying to manipulate a run soon. This could take a bit to unfold, same with TLSA.

A few swing plays that can be more beneficial than trying to scalp without a firm knowledge of it, EVFM under 215 for 250 test, sell into surge.
'
BBIG under 140, could see 170. HYLN on fire sale. Will post positions later.

Made a few hundred off ELYS. Hesitated to enter POLA and watched it run from 4.23 :/

LoOoL