Are These On Your List Of Penny Stocks To Watch Before June 2020?
The stock market today is jumping again and so are a number of penny stocks. One thing brought to my attention was the misconception that penny stocks are meant for short-term day trades. Now, before I get to my point, let me just say that there is no set time you should or shouldn’t hold stock.
It’s based on your personal strategy for trading penny stocks. However, there are ways to buy and sell to take advantage of short-term gains while holding what some consider a small “core” in case the stock really takes off.
This brings me to my main point. Not all penny stocks are short-term runners. In fact, if you look back at the year so far, many have gone on to run for weeks and months. The coronavirus certainly made a large footprint and a number of companies took advantage. Not in the sense of abusing the downtrodden economy but more-so the opportunity to innovate during uncertain times.
Not only biotech penny stocks but other sector stocks as well. Tech, mining, etc. have all benefited from the current climate that COVID-19 has created. With this in mind, there are several penny stocks that have mounted a strong bull trend this quarter. Here are 5 penny stocks to watch that have climbed at least 100% in Q2, 2020