So Who Is Calling These Penny Stocks?
So who among us is predicting these penny stocks? Forgive me if I’m not using that term correctly. I’m talking stocks with close OTM calls that are going for less than $1. Easy gains, you know? High risk, high reward. Because you potentially have little to lose while you stand to gain 200% or more (on short term/day trading, that is).
Please stop me if I’m missing something obvious, but I’m seeing this pattern numerous times just this week. ASO, RMO, SPY… Even something like NCLH was doing extremely well. Today also saw XL, which I rode on a $10 call from 0.53 to 1.25. As the call was briefly ITM, it was up over 300% for the day. Does that make any logical sense? I’m sure it does to some of you, but all I see is potential. Seems to me that predicting a small increase in stock price can double your money. Which is ridiculous in theory, but I’ve been seeing it day after day on the likes of NFLX and SQ.
Who has the line on predicting these stocks? I would love to throw behind a short term call that goes from 0.01 to 0.50 or from 0.20 to 2.00. Even just 0.01 to 0.20 can represent a tremendous gain.
Please tell us. I’ve been scouring posts and didn’t even see mention of stuff like RMO and was late on ASO. I would like to have heard about them. We all would have. If you have any tips for spotting the best time to get in or get out, that would be even better. I’m doing quite well on getting in but my exit strategy needs work.
Help us, WSB Apes, you’re our only hope.
P.S. Not everything I mentioned is a penny stock. Just stocks with a lot of movement lately. Thanks
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April 7, 2021 at 01:12PM