r/pennystocks • u/AutoModerator • Jun 08 '26
General Discussion The Lounge
Talk about your daily plays, ideas and strategies that do not warrant an actual post.
This is the place to request buy/sell advice from the community.
Remember to keep it civil.
Trade responsibly.
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u/Beelucky392 Jun 09 '26
Took a hit on ABAT, who’s holding ?
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u/undercover__brat Jun 09 '26
Just seems like a bunch of people got in yesterday to flip it so I think it’ll recover later in the week
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u/BagHoldingBuru Jun 09 '26
$SUGP gang where yall at ?
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Jun 09 '26
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u/Relevant-Goal-3008 Jun 09 '26
strange, I don't see this listed for me on Robinhood.
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Jun 09 '26
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u/Relevant-Goal-3008 Jun 09 '26
Hmm. They have their other crypto trusts not that one. Ah well. Thanks!
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u/Knoitallmonee Jun 09 '26
I like this way of swing trading. Been wanting to start a Discord where we scan and post our best swing trade candidates for the day/week.
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u/landspeed Jun 09 '26
Who is taking advantage of these PDT changes? I can't believe people with a lot more money have been doing this for decades.
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u/BeginningRoad1661 Jun 09 '26
I might have to finally convert to margin I can’t make anything happen in cash. 5 greens days, 2 red wipes it out. Repeat
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u/landspeed Jun 09 '26
I was working with only $400 in capital today at any given point. I made $210. All because of margin. I just kept selling for green.
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u/landspeed Jun 09 '26 edited Jun 09 '26
INHD is a prime example of what can happen when you follow the correct formula:
Every entry should be treated like it will drop 50%, minimum. So with that said, you should never go full port on your first slap.
If you left followed step 1, you are prepared for step 2: Averaging down. This is not a gradual daily thing. You will need to watch your shit fall and it sucks, but it's for the best. When it feels like a bottom or reaches a technical level - buy. If you have 100 shares, buy 300 more at this low level. But do not full port.
If you followed the prior steps, you likely won't have to DCA again. If you do, it's likely because you did not sell. I have a very strict rule: If my first entry does indeed drop 50%, I am out with maybe 10% profit when the time comes. I'm not holding. Get out green and move on to the next.
Don't be afraid to go back in to something that previously looked like shit.
INHD was my fuckin bro. I love these Chinese tickers. STEC was another.
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u/Single-Wolverine-907 Jun 09 '26
$ITP is primed to launch tomorrow after all the volume afterhours tonight.
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u/Relevant-Goal-3008 Jun 09 '26
will try to get in at 7am. I thought about it before trades stopped an hour ago and didn't pull the trigger
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u/Single-Wolverine-907 Jun 09 '26
Best wishes, I have about 500k shares and I'm holding for a parabolic movement. Dreaming big.
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u/Anywhere-Adventurous Jun 11 '26
What makes you think it might move parabolically ?
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u/Single-Wolverine-907 Jun 11 '26
Its currently priced around 2-3% of its book value, which is an extreme liquidation scenario. Mix that with Management that has been trustworthy to almost never do stock offerings or incessant reverse splits, and a pending delayed 10-K which, if it says anything about a neutral financial standing or erases any going concern, has great odds of strong upwards movement...the 10-K can come out any time. Also, it's a China stock with great technical set-up. I like the risk/reward here.
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u/rpez89 Jun 09 '26
Terrible time to smash beers last night, fucked up all those trades, owned them all sold them all for fuck all
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u/SignificanceLate7002 Jun 09 '26
YRD added to the watchlist for a possible runner. Keep an eye out for news on this one.
CEO filed 13D today showing he increased his holding to 82% ownership.
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u/Jasmine7707 Jun 09 '26
Thanks, this looks like a great call!
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u/SignificanceLate7002 Jun 09 '26
Could be. I'm going to keep an eye out for ones that could possibly run big in the next few weeks. We saw a few today so the excitement level is high. It won't take much news for a mostly locked up float to run if today was any indication.
I'll post any possible runners on here as I come across them. Hopefully some of us can catch a big one before the breakout.
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u/Jasmine7707 Jun 09 '26
Watching YMAT too. There was some weak news today and it popped and dumped rapidly, but could run tomorrow.
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u/Ok_Ground9015 Jun 09 '26
CXAI is coiled nicely and holding it's place while we wait for the big catalyst. I'm thinking they will announce a few more contracts as well. Getting it all finalized and making sure the new platform goes off without a hitch. 2.0 baby!
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u/BeginningRoad1661 Jun 09 '26
What I like a lot about this one is there was no indication there was news coming Wednesday AH. Went straight from .19 to high .20s and then .30s the next day
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u/Outside-Jello6336 Jun 08 '26
If anyone is waiting on something to buy tomorrow just use a scanner and buy whatever has most volume and gap and pray lol. Penny stocks are NOT meant to be held long term although there might be some worth holding. Everyday there’s new opportunities and some days it’s best not to trade at all. Just my 2 cents
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u/mightyblend Jun 09 '26
I know this is a stupid question but I’m iffy on what “gap” means, aside from a price going up or down dramatically in one move. Is that it?
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u/QuincyBoy8 Jun 08 '26
YYGH loading
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u/its_0liv Jun 08 '26
Remember a few months ago that week where each day there was a 500% runner. Let's hope this week can be somewhat similar. 🙏
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u/Relevant-Goal-3008 Jun 08 '26
seriously though guys. I know it's likely impossible but I want to be the one to 40x my investment tomorrow.
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u/-eShTuPiD Jun 08 '26
INHD cooked. They got suspended
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Jun 08 '26
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Jun 08 '26
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Jun 08 '26
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u/Outside-Jello6336 Jun 08 '26
lol I bought at 2.60 and sold at 2.33 this morning never expected it to go to 60 bucks
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u/Relevant-Goal-3008 Jun 08 '26
yeah but just as many played it smart. the people that lost cash are the ones who bought at $60 thinking a $1 stock was going to climb forever or had massive FOMO. the people who got in early, and got out at the top were fine
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u/BeginningRoad1661 Jun 08 '26
Anyone left kinda deserves it. Stupid play that will only encourage bad behavior
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u/Relevant-Goal-3008 Jun 08 '26
alright the inhd thing pissed me off too much. I need to know what I can get in at like $3 or less tonight or tomorrow morning and sell for like $70 or more 100% without fail without risk surefire. my blood pressure is too high right now.
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Jun 08 '26
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u/BagHoldingBuru Jun 08 '26
Lol yup. Thats part of the reason I got into SUGP today. I can realistically see a 50% move this week.
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u/Relevant-Goal-3008 Jun 08 '26
I don't think lighting will strike twice soon but what will happen is FOMO will pump something tomorrow that if timed right will make it. Whatever is declared "the new inhd" fairly unanimously tomorrow morning across the internet
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u/its_0liv Jun 08 '26
For those experiencing FOMO from today, I'll keep posting my watchlists this week. Seems like high volume low float with news are the secret ingredients. (First 2 minute candle has to be a big green one for the confirmation though).
But next week, I'll still keep posting them until the week after that then I'll still post them
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u/Spirited-Skirt1462 Jun 09 '26
I still hate myself 🤣
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u/its_0liv Jun 09 '26
It was a learning experience. I make notes each day on why I had a loss or why I had a win and slowly get better at it
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u/Jasmine7707 Jun 08 '26
Thank you for sharing, very much appreciated. Yes most of the time this is exactly it. Congrats on your day!
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u/Relevant-Goal-3008 Jun 08 '26
I've been buying near the top of too many pump and dumps after close. Like Icarus, I flew too close to the sun. Calling it a night soon
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u/Wonderful_Delay9439 Jun 08 '26
What’s with the Chinese holding companies shooting to 100%?
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u/Relevant-Goal-3008 Jun 08 '26
almost seems like a coordinated discord server or something bouncing around to pump and dump them
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u/legendarkhero Jun 08 '26
I ACTIVE MY MAGIC STOCK “TOON” WORLD LFG GO BACK UP
https://giphy.com/gifs/Jq2Dls2eVf4gU
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u/its_0liv Jun 08 '26
I think based on the amount of 100%+ stocks today (which we haven't seen a US one hit 500% in WEEKS) we're witnessing the effects of the new PDT rule. Especially since Charles Schwab applied the rule today instead of last week and they're like the biggest broker out there.
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u/Relevant-Goal-3008 Jun 08 '26 edited Jun 08 '26
Volume climbing on TOON quick with news edit: nvm it's struggling to stay up
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u/BeginningRoad1661 Jun 08 '26
AIM smart money accumulating at .49 IMO I picked up some more
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u/Relevant-Goal-3008 Jun 08 '26
what's the theory here
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u/BeginningRoad1661 Jun 08 '26
Looks like dilution is minimal at this time. Just looking for continuation off this news today
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u/Warmake Jun 08 '26
And there’s the T12 on INHD. Fumbled a massive win on it that would’ve made back all of my losses all time, but proud of myself not chasing this scam.
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u/SignificanceLate7002 Jun 08 '26
Lol. CHAI seems to be running because Apple issued pr about their "core AI framework". It has nothing to do with CHAI. Dump imminent.
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u/Local-Bench1819 Jun 08 '26
Was in conference meetings most of the day. Still probably would've sat out for everything 'cause I'm a weakling.
But man, WHAT THE HELL 🤣
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u/Interesting_Part_130 Jun 08 '26
Not advice but just wanting to share for those who choose to hold overnight https://www.tradingview.com/news/invezz:4f14db327094b:0-hong-kong-deal-positions-inno-holdings-stock-for-a-massive-crash/
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u/Relevant-Goal-3008 Jun 08 '26
maybe a pump and dump but CHAI
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u/Ok_Worldliness_2902 Jun 08 '26
I wanna short inhd so badly, cause we all know that shit is gonna crash. But it's too volatile. It could just as easily run to triple digits as it does crash to single digits.
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u/creede92107 Jun 08 '26
I just checked back in, I can’t believe it went to $66 before it started coming down again, freaking amazing.
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Jun 08 '26
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u/creede92107 Jun 08 '26
yup, it’s trading now in after hours. I wasn’t there to see it boom after the halt, I had to leave for a bit. it must have been exciting to watch it boom up even more
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u/WitchCalpis Jun 08 '26
Overnight plays?
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u/GiuseppeMaiolico 🅽🅾🅾🅱🅸🅴 Jun 08 '26
Always INHD, this thing has no limit
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u/SignificanceLate7002 Jun 08 '26
At some point it will. Then it will retrace down and leave behind a lot of bagholders.
See $BIRD for an example of how this will likely play out.
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u/GiuseppeMaiolico 🅽🅾🅾🅱🅸🅴 Jun 08 '26
Obviously it can't go up forever. This thing can go down as much as it went up today. I also believe its a matter of time
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u/Rossturcotte Jun 08 '26
Srxh
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u/WitchCalpis Jun 08 '26
No dilution risks?
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u/Ghostrzml007 Jun 08 '26
Let’s just hope there another play tmrw like inhd
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Jun 08 '26
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u/legendarkhero Jun 08 '26
I’m scared to enter these plays honestly when there up 100% and they just dump. I know I sound like a pussy 🫣
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u/TheKegBaron Jun 08 '26
JZ helped, but I'm still down a fair bit today
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u/Teach231 Jun 08 '26
Out of all the winners today - INHD, SUNE. I instead went with NEXR and lost 50% -_- fucking twitterX man
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u/Warmake Jun 08 '26
Bring back PDT, clown market.
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u/RealPrinceZuko Jun 08 '26
PDT should've never existed. To "protect us"? Ya ok lol. I can lose 10 million on 0DTE options in 30 seconds but yes we need PDT
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u/milocarlo Jun 08 '26
Maybe there’s some way to reduce the chances of people accidentally ruining their lives but the pdt rule wasn’t it, it was very blatantly there for the sole purpose of keeping poor people from having a chance when billionaires can just print millions on an insider trade whenever they feel like it
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Jun 08 '26
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u/Advanced-Fold-9934 Jun 08 '26
Doubled my money on it. Not the biggest win but just glad I was actually able to get out!
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u/TheHyperboley Jun 08 '26
Cause it's highly likely criminals were making a shit ton of money off it
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u/mightyblend Jun 08 '26
is the dream dead for CXAI?
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u/Teddy_Rex Jun 08 '26
It's a hold, maybe tomorrow, maybe next week. If you want the play of the day, switch.
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u/LaundryBasketGuy Jun 08 '26
You guys found a blatant crime stock and unfortunately I'm too late to be a part of it noooo
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u/glitch1234567891 Jun 08 '26
INHD and SUNE is going to be fueling my fomo for the rest of this bull market lmao.
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u/BagHoldingBuru Jun 08 '26
INHD is like sticking your hand in a gators mouth.
Might get lucky a few times but eventually just like chubbs...you gonna get your hand took
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u/easternsailings Bankruptcy here I come Jun 08 '26
How the fuck do I buy after-hour stocks on Fidelity app? I'm so pissed.
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u/RelevantAttorney1248 I̶ d̶e̶c̶l̶a̶r̶e̶ b̶a̶n̶k̶r̶u̶p̶t̶c̶y̶ Jun 08 '26
fidelity tends to restrict stocks you can buy too when there are weird runs
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u/mikewasovsky Jun 08 '26
Im sick to my stomach, its going to a 100
https://giphy.com/gifs/r2RVAlLLYLkVaf0asl
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u/HoosierDaddy1775 Jun 08 '26
I bet I can buy and stop that bitch in its tracks
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u/mikewasovsky Jun 08 '26
No, let me witness, i must be punished for overlooking that stock
It puts the fomo in the basket or else it gets the hose again
https://giphy.com/gifs/gByUuiB7nGuVW•
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u/Mammoth-Ad4179 Jun 08 '26
Im going in and out of INHD, making decent money, went in at 30 got out at 40, then in at 45 and got out at 56
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u/Ok_Ground9015 Jun 09 '26
CXAI No loss today. Just holding and waiting on the glorious news. 2.0 baby!