The Wrap Up: HOW TO EVALUATE PENNY STOCKS
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 15 July 2021
⏱️ 11 minutes
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Summary
In this clip Ian discusses how to evaluate penny stocks.
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Transcript
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| 0:00.0 | A lot of you have been asking me about these penny stocks so I want to go through them. |
| 0:04.1 | I'll tell you if they're good or bad but there are a reason that most of these stocks that |
| 0:08.0 | are pennies are low value or cheap as hell. |
| 0:10.9 | That's because they have now went up over time. |
| 0:13.3 | Now it's different. |
| 0:14.3 | If they IPO at a low price and let's say they IPO at 15 bucks and there's a solid business. |
| 0:21.1 | But if a company has been out for 8, 9, 10, 15 years and they're hovering around 5 to |
| 0:25.2 | 15 bucks, it's usually no good but let's go look at the chart. |
| 0:29.6 | So the first one is ticker symbol OCGN. |
| 0:33.6 | The high was at 26820 and 2016. |
| 0:37.6 | It is now at $7.29. |
| 0:41.0 | Now the good candidate. |
| 0:42.0 | But let's go out. |
| 0:43.0 | If I go out 10 years, the previous high was 778 bucks and it's at $7.29. |
| 0:49.1 | Does this look like a good candidate to be a good long term investment? |
| 0:53.7 | But when I want to make absolute sure and look at this, it's also underneath this 200A |
| 0:59.2 | moving average. |
| 1:00.2 | I want stocks that are constantly above the 200 not dancing in stand below. |
| 1:07.6 | So this is the maximum data allowed on it. |
| 1:12.4 | Downside is no good. |
| 1:14.4 | E and F will be the next one. |
| 1:17.0 | Let's look at it. |
... |
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