Penny stocks are back!!

And I have a good number of them on my watchlist that I believe are set for some action.  

There’s one I’m about to share with you that I’m watching closely, and we’ll see why in just a minute. 

But first, how do I spot these lucrative opportunities? 

I tend to keep an eye on several indicators of good performance before I take action.

If I look at the right places and gather the right information (and no, I don’t usually need a fancy scanner for this), I can spot a potential move before the rest of the market catches on.

Upcoming Earnings

Earnings season is the period when publicly-traded companies announce their financial results in the market. It usually lasts about four to six weeks every quarter.

There can be a lot of movement in stocks around this time and earnings winners are some of my favorite stock catalysts. 

The key here is focusing on price movement.

If an earnings report shows that a company didn’t make as much money as the market expected, the stock price could drop.

But if the report shows a company lost money that is less than the market anticipated, this catalyst could cause the stock price to spike.

Being aware of details from these reports can give traders an edge over newbies that wait for official news updates.

Liquid Metal Technologies, Inc. (LQMT)

Liquidmetal Technologies, Inc. engages in the design, development, manufacture, and sale of products made from amorphous alloys. Its products are used across different industries — things like aerospace components, defense parts, medical devices, sporting goods, leisure products, automotive components, and industrial machines.

The company scheduled their 2021 year-end earnings conference call for next Tuesday, March 29th, after the close at 4:30 p.m E.T. 

Right now, the stock is trading at around $0.13 and I strongly believe there will be more run-up in anticipation of what the CEO has to say. 

I think by the end of the week, we might see a move up to $0.15 area as the earnings call approaches.

I like to time my trades to near perfection by nailing these three things:

Buy Zone (Timed Entry)

Profit Zone (Timed Exit)

Stop Zone (Timed Protection)

My goal for a swing trade like this is 5-20% gain but I’m keeping my eye for when it hits $0.20 or slightly higher.

In any case, once I hit my 5% to 20% goal, I’ll most likely exit and if possible, enter a new position and repeat.

As usual, the market might change and so will my plans as I need to adapt. 

That’s why I’ll be Live in my chat room and letting folks know minutes before I take action on this trade and what I plan to do if I need to adjust. 

What are your plans for this stock? Let me know in the comments.