penny stocks to buy today

These Penny Stocks To Watch Just Made Fresh Highs For December

Learning how to invest in penny stocks is almost like a right of passage for new traders. When it comes to a novice, the usual thought process is “let me make quick money” because that’s what they see in movies, right? Well, the bad news is what you see in movies isn’t always (or ever) real. Where the actors appear to know exactly when to sell or buy stocks, real-life requires you to spend time researching.

This has become one of the keys to success especially when it comes to finding penny stocks to buy. Needless to say, this is something that attracts millions of people every year. The simple reason for that is the fact that penny stocks have the potential of generating massive returns. However, it should also be noted that penny stocks are notorious for their volatility. If an investor picks the wrong stock then big losses might be the outcome.

Penny Stocks & Volatility

Whatever your strategy, make sure to have one. Blindly throwing money at a stock “just because” isn’t a good reason to invest. If you’re just getting started with penny stocks, get the basics down first. You might also want to think about paper trading first. This is a process wherein you use fake money to test your strategy out. Sure, you won’t actually make real money with a winning trade but losing trades won’t result in you losing your hard-earned cash.

Volatility is the biggest attraction to penny stocks. It creates those big swings people like to see. That what generates those big breakout gains that these cheap stocks are known for. Though some stocks can breakout within hours, some go on bullish moves for days. With this in mind, here’s a quick list of penny stocks to watch before next week. All have marked fresh December highs this week.

Penny Stocks To Buy [Or Avoid] #1: CTI Biopharma

penny stocks to buy under 2 CTI BioPharma (CTIC)

We discussed CTI Biopharma (CTIC Stock Report) earlier this week. Shares of CTIC stock skyrocketed after the company highlighted a presentation of data to supports its Pacritinib therapy. This was done at the American Society of Hematology Annual Meeting.

The data presented at ASH underscore the clinical and scientific rationale for our ongoing PAC203 Phase 3 PACIFICA trial evaluating pacritinib at 200 mg BID in severely thrombocytopenic myelofibrosis patients,” said Adam R. Craig, M.D., Ph.D. “Pacritinib has now been demonstrated to provide clinical benefit in treating severely thrombocytopenic myelofibrosis (platelet counts less than 50,000 per microliter) in three clinical trials, including two prior randomized Phase 3 studies.”

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Thanks to this development, the market reacted more than favorably. In fact, not only did shares rally more than 100% this week, but CTIC broke new 52-week highs. Will this biotech penny stock remain one that can be purchased for under $2 by this time next week? – Penny Stocks to Buy For Less Than $2 Right Now

Penny Stocks To Buy [Or Avoid] #2: Pacific Coast Oil (ROYT)

penny stocks to buy sell Pacific Coast Oil Trust (ROYT)

Energy stocks haven’t had the best quarter so far. But this week, the energy sector began to heat up once again. Pacific Coast Oil (ROYT Stock Report) has followed suit. The difference between Pacific Coast and the previously mentioned CTI Biopharma – besides industry – is that there weren’t any recent catalysts that would suggest such a move this week.

ROYT stock has climbed over 170% this week alone. Friday’s session saw shares skyrocket to $0.68 within the first hour of trading. Without any recent news or corporate filings, could this simply be a momentum-fueled run? Obviously the trading volume and price spike warrant a closer look. But will Pacific Coast Oil be one of the penny stocks to buy next week?

Something to keep in mind is that the company hasn’t had a great track record this quarter. This is one of the reasons why I presented the question that way. The company received notice from the New York Stock Exchange that Pacific Coast was deficient in meeting the minimum requirements of the exchange. Furthermore, in a review, the company appears fully prepared to trade publicly on the OTC Market.

But in its own words, “If the Units are delisted by the NYSE, the Trustee expects that the Units would begin trading on the OTC Pink Market.” This is essentially the lowest tier of the OTC so it’s interesting that the company would suggest that as a fall-back if it gets de-listed from the NYSE. Either way, ROYT stock is on a roll this week and may be worth a closer look in my opinion.

Penny Stocks To Buy [Or Avoid] #3: Turquoise Hill Resources Ltd. (TRQ)

penny stocks to buy Turquoise Hill Resources Ltd. (TRQ)

There’s no doubt that mining stocks and gold stocks have been a popular class this year. The uncertainty around US/China trade, as well as numerous global economic events, suggest safe-haven investments could become more popular in 2020. Turquoise Hill Resources Ltd. (TRQ Stock Report) has followed the trend of the broader mining industry and this week it hit new December highs.

There was a bit of uncertainty with what might happen to its operation in Mongolio. But earlier this week, things became clearer. the resolution put forward by the Mongolian Parliamentary Working Group was passed unanimously. It essentially demonstrates the group’s openness to working further with the operations.

[Read More] Penny Stocks & Popular Technical Indicators For Increasing Profits

“We believe that the Resolution reflects Mongolia ‘s commitment to work together to further support the development of the underground mine, and will serve as the basis of future discussions between the Government of Mongolia, Rio Tinto, and Turquoise Hill Resources in relation to the Oyu Tolgoi project,” stated Ulf Quellmann, Chief Executive Officer of Turquoise Hill, in a press release.

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