Timothy Sykes penny stock tips were recently published on his Blog in a piece entitled, Top Penny Stocks to Watch, June 2019.
Timothy Sykes works make interesting reading for anyone aspiring to become a successful professional trader.
“I don’t memorize patterns. I recognize them. I also recognize when they’re not working. I teach my students to do the same. You need to adapt to the market. It won’t adapt to you. The market doesn’t care about you” said Timothy Sykes.
“The lesson to be learned is to be willing to adapt to the market” said Timothy Sykes.
“I don’t memorize patterns. I recognize them. I also recognize when they’re not working”
It is Timothy Sykes penny stock tips where investors could get a heads up
Timothy Sykes is best known as the university student who made $1.65 million by day trading penny stocks while attending Tulane University.
Timothy SykesTop Penny Stocks to Watch for June 2019 are as follows:
The top penny stock trader reckons that Soly is one of the latest low priced stocks to go Supernova.
A press release on May 28 announced FDA 510(k) clearance for their Rapid Acoustic Pulse (RAP) device.
“Thanks to newbie shorts who enter way too early, SOLY ran from it’s open at $5.82 on May 28 all the way to $29 in two days. It’s holding in the mid-teens as I write. SOLY is no longer a penny stock”, said Timothy Sykes. “We’ll see what the future brings” he added.
“Thanks to newbie shorts who enter way too early, SOLY ran from it’s open at $5.82 on May 28 all the way to $29 in two days”
“I don’t chase stocks that are up nearly 500% in a couple of days. So, at best, SOLY would be a dip buy off a morning panic for me” said Timothy Sykes.
Timothy Sykes penny stock tips also include Obalon Therapeutics, Inc (NASDAQ: OBLN)
Obalon is commercial-stage biotech with an FDA approved device for weight loss. It uses a stomach balloon system which reportedly only takes 10 minutes to install. The stock has experienced two recent spikes. The first was during after-market and pre-market trading on May 21 and 22. The second was from upbeat clinical data which triggered an aggressive short squeeze. But then the company did financing on May 23 and the price collapsed to roughly the level of the offering 60 cents a share.
“Here’s another company with a terrible long-term chart in a sector I don’t like: energy. But it was the biggest percent gainer in the entire market on June 3” – Timothy Sykes (on Eltek Ltd)
Eltek Ltd (NASDAQ: ELTK) also is listed on Timothy Sykes penny stock tips
Eltek manufactures high-tech circuit boards for the defense, aerospace, and medical industries. The stock jumped on positive earnings news on May 29.
Timothy Sykes penny stock tips include an energy and a dry bulk shipping company
Regarding the oil and natural gas company Legacy Reserves Inc (NASDAQ: LGCY) Timothy Sykes writes. “Here’s another company with a terrible long-term chart in a sector I don’t like: energy. But it was the biggest percent gainer in the entire market on June 3”
Castor Maritime Inc (NASDAQ: CTRM) is a shipping company based in Cyprus. The company’s stocks have spiked from $5.15 into the mid $8s pre-market on June 4. The company released first-quarter earnings on June 3.
Dan Loeb targets Sony. Dan Loeb is an activist investor and founder of Third Point, which oversees about $14.5 billion in assets.
Last year the activist investor viewed Campbell soup as a bargain when Third point reported that the soup maker could fetch a takeover value of $52 to $58 per share.
A year later and the activist investor Dan Loeb targets Sony
Dan Loeb's activist hedge fund Third Point is raising an investment vehicle to generate between $500 million and $1 billion so it can continue to buy Sony shares, according to a recent report in Reuters.