Rocky’s Weekly Stock Picks
This week we’re going to look for high volatility, high risk, penny stocks.
That’s much too broad, we regularly buy several securities that tend to stay under $5. We’re going to look for the $3 and under options available, at least to start.
Before anything, however, we’d like to mention ORC. $2.89/share, this REIT’s price won’t stay this low forever, as Florida continues to become increasingly expensive. We also recommend buying some small amount of WSR, just in general. It’s a solid commercial REIT in Texas that has low, steady, payouts and a slow, steady, increase in share price.
We just love REITs, full stop.
LPTX - $1.52/share, monthly options. We basically see $1 as the bottom here, with an expectation of upward movement. There is some volatility, enough to be able to net a 10% return each month. This company is developing monoclonal antibody treatments for cancer.
FUBO - $3.64/share, options trade weekly. High volatility and large price swings make this a great time to buy. Specifically we’re looking at the $3 LEAP, or maybe the covered call. Maybe both!
The shares may be advantageous here, if the price happens to be this low in 2024. It doesn’t really matter if we ROI in the first 6 months, but typically we expect to see a small profit off the long call itself when the expiration date nears.
ATER - $2.38/share, options trade weekly. The price has been stable for a while, and we don’t really expect it to go below $2 at any point.
Aterian sells household durables in Australia. Their company profile sounds more impressive than it is. AI, algorithms, machine learning…. yes, those things are technically involved in operating an online store. It’s not particularly special.We have a low opinion of this company, and no expectation of long-term gains. What we like is the steady, weekly, income.
FCNE - $2.00/share, ex-div 9/7, 10% return. This security is OTC Pink. Pink sheet listings require the company to provide little to no information. What could possibly go wrong?
Four Corners is actually quite legitimate. Many companies choose pink sheet listings. Even large caps often have pink/grey listings. Lower requirements means lowers costs, and more importantly, far fewer points of compliance to maintain.
Now enjoy the summary provided by TD Ameritrade.
Four Corners, Inc. is a holding company and the parent company of K&B Sales, Inc. (K&B). K&B is a licensed distributor of electronic equipment and supplies for the charity bingo industry in Texas. The Company is focused on the sales of bingo supplies, equipment and pull tabs, and the rentals of electronic bingo equipment. The Company’s geographical location includes Texas and Oklahoma.PTITF - $0.508/share, ex-div 8/29, 15% annualized return, OTC Pink sheet.
We missed the boat on the dividend for this Indonesian telecommunications giant, but that’s alright. We expect the share price to only move upward.We’re also very bullish on Indonesia in general.
