I also do my best to go more than out of my way to make sure I convey the risk of trading penny stocks when I highlight one as a trade idea & SPHS was no exception when I referred to it as “super speculative” in Thursday’s video. I’ve covered many penny stocks as trade ideas in the past & although I don’t have a way of easily tracking each one, I’d say the vast majority that went on to trigger buy signals not only played out but most resulting in very quick triple-digit returns.
Penny stocks are a very small percentage of the trade ideas that I share & I’m very selective on the one’s that I do pass along. Recently, there has been a “dash for trash” with low-priced, low-quality stocks getting snapped up as the markets are in risk-on mode & so when in Rome…