It’s been a terrible market over the last couple of weeks for Blue Chips and Tech stocks.
It seems as though every day the former market leaders go lower and lower. But one section of the market that has been lighting up with big moves and volatility is Penny Stocks!
You see, after the Russian invasion of Ukraine, Oil and Metals prices soared, and eventually, this led to some zombie companies exploding 100’s of percent.
Jason Bond is an active, expert day trader, and this is exactly the type of market he loves on small-priced stocks. This type of price action doesn’t come around often, so Jason is trying to make the most of it. Here’s a trade he made yesterday before the market even opened, and it took less than an hour:
Penny stocks go in and out of fashion. You see, it’s all about liquidity. Once the big money and traders come out of the market, it can be quite dead for months. But when it comes back in, you can get some fireworks for a while. This is exactly what has happened over the last week or so over in Penny Stock Land.
How It Started:
Russia Invaded Ukraine, and this sent Oil over $100. Big oil companies like CVX started to go up every single day- see chart below.
But then the real catalyst came. Joe Biden announced that the USA would ban Russian oil imports. This sent Oil rocketing to $130. It also led to energy penny stocks moving up 100’s of percent.
When a sector gets hot, money moves like a flow chart. First, the big stocks move like CVX. Then the medium stocks move like OXY. Then finally, the small-cap stocks in Penny Stock Land can move like crazy. And that is exactly what happened in the energy sector. Here are some charts:
HUSA
IMPP
USEG
How It’s Going:
Now that the big moves in the energy sector are finished for now, there is still big money flow in the Penny Stock world. You see, after an initial mania, penny stocks usually stay hot for a while as interest picks up, and I expect this to continue for a while.
Here Were some trades Jason called out in AGRI yesterday live in his room:
- Mar 14, 2022 at 8:19 AM – Jason Bond :
s remaining AGRI 3.95 - Mar 14, 2022 at 8:09 AM – Jason Bond :
s 1/4 AGRI 3.97 - Mar 14, 2022 at 7:37 AM – Jason Bond :
s 1/2 AGRI 3.88 - Mar 14, 2022 at 7:23 AM – Jason Bond :
b AGRI 3.58
Jason’s Trading Journal^^^
AgriFORCE Growing Systems, Ltd.(AGRI) an agriculture-focused technology company, focuses on the development and acquisition of crop production know-how and intellectual property augmented by advanced AgTech facilities and solutions in North America, Europe, and Asia.
When Russia said it would ban the export of some fertilizer products and Ukraine said it would stop exporting some wheat products, this sent agriculture stock soaring, and Jason was able to make a great trade in the pre-market.
Bottom Line
Penny Stocks are lighting up, and this type of market does not come around often and may not last long. Jason Bond is an active day trader and is right in the thick of the action day after day. Jason has his finger on the pulse of the hottest penny stocks.
Long may it continue!
